FBD Hotels and Resorts acquires Grand Hotel, Malahide for 55m [Video]

FBD Hotels and Resorts has reached an agreement to buy the Grand Hotel in Malahide for €55m.

The Co Dublin hotel dates back to 1835 and has been in the ownership of the Ryan family since 1974. It is a popular destination, conference and wedding venue that employs more than 200 people.

The deal is subject to approval by the Competition and Consumer Protection Commission (CCPC) and would see the Grand Hotel become the seventh property in FBD Hotels and Resorts portfolio and brings its total number of hotel rooms to 1,387.

“We are delighted to have reached agreement with the Ryan family,” said David Kelly, chief executive of FBD Hotels and Resorts.

“The Grand Hotel in Malahide is an iconic hotel located in one of Ireland’s most unique settings. We are honoured to be entrusted with the stewardship of this historic hotel, whose rich heritage and enduring legacy have made it a symbol of excellence in hospitality.

“The Ryan family and 200 strong team at …