Druids Glen bought for €45 million
An Irish-owned hotel group completed the €45 million purchased of the iconic Druids Glen Hotel and Golf Resort this week.
The 5-star hotel has been bought by the Neville Hotel Group, which is based in Wexford town. It is understood that the group, fronted by Seamus Neville and his daughter Therese, had been eyeing up the luxury hotel for some time and were delighted to get a deal over the line.
Formerly operated by Marriott, Druids Glen first opened in 1995 and is situated on a 349-acre site near Newtownmountkennedy. In the past, it has hosted four Irish Open golf championships and it was brought to the market by Tom Barrett of Savills Ireland in August with a guide price of €45 million. It was until now owned by three Irish families - the Lappins, the Hurleys and the Flinns.
This is the fourth hotel that will come under the management of the Neville Hotel Group, following the Royal Marine Hotel in Dun Laoghaire, The Tower Hotel in Waterford and the Kilkenny River Court Hotel.
'We are delighted to add the 5 Star Druids Glen Hotel & Golf Resort to our portfolio of hotels,' said Director of The Neville Hotel Group Therese Neville.
'This acquisition marks our fourth hotel and first golf course for the group. We are looking forward to investing in the property in the future to ensure its status as one of Ireland's most iconic resorts.'
The hotel has a total of 145 bedrooms and suites, as well as a spa and health club, eight conference and event rooms and a renowned restaurant.