THE family-run Radisson Blu Hotel in Letterkenny has been sold for over €16 million to the prestigious TMR Hotel Collection.
The 114-bedroom hotel on the Paddy Harte Road has been run by the Byrne family for 23 years.
TMR Hotel Collection has a large portfolio of four and five-star hotels throughout Ireland, and the off-market sale of the popular Letterkenny hotel marks the third hotel acquired by Austrian investor Thomas Röggla in the last 14 months.
Paul Byrne, who first developed Letterkenny’s first four-star hotel with his father back in 2003, was delighted to announce the sale of the family-run hotel yesterday morning.
He thanked everyone for their support over the last two decades.
“We owe our deepest thanks to our many loyal customers, guests and friends. Thank you for your trust, support and unforgettable shared memories throughout the years.”
Mr Byrne paid special thanks to the staff, particularly long-serving team members who have been working with the hotel since it first opened in 2003.
“They have brought passion and excellence to the hotel every day and will continue to do so for many more years to come.”
The Byrne family, who have owned the hotel for 23 years, pictured with Michael Murphy.
The hotel will continue to trade as the Radisson Blu Hotel Letterkenny, offering customers all the benefits of being members of the Radisson Hotel Group.
“When my father and I developed Letterkenny’s first 4-star hotel in 2003 we hoped it would be an asset not just for our family business but also for Letterkenny and we trust that this has been the case.
“It now gives us great comfort to hand over the hotel to the prestigious and highly respected TMR Hotel Collection, who will ensure that it continues to thrive and prosper as part of their large network of 4 and 5-star hotels throughout Ireland.”
Mr Byrne also thanked Clark Hill Law, Crowe Ireland and CBRE Ireland for guiding them through this process. He thanked the Radisson Hotel Group, and Joep Peeters in particular, for all their support over the years.
“On behalf of all the family we wish everyone connected with the hotel continued good health and happiness in the future,” concluded Mr Byrne.