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THE MOUNT JULIET resort and golf course in County Kilkenny has been sold by Killeen Group Holdings to Brehon Capital Partners and businessman Emmet O’Neill.
The price tag for the hotel is believed to be in the region of €15 million.
The new owners are planning a refurbishment of the hotel and attached spa that will cost between €3 million and €5 million, and is set to be completed at some stage during 2015.
The operation of the hotel will not be affected by construction works, which will also see the addition of between 30 and 40 new rooms.
Jobs
A spokesman said that the 143 employees at the hotel, which currently has 86 bedrooms, will be retained and that as the business expands there is every possibility of staff numbers increasing.
The hotel is set on 500 acres in Thomastown, County Kilkenny and features and equestrian centre and a Jack Nicklaus designed golf course.
Brehon Capital Partners director Damien Gaffney said: “This is the third hotel investment that Brehon has made, and our successful experience with the Marker Hotel in Dublin and Powerscourt Hotel in Wicklow gives us great confidence in the luxury end of the Irish hotel market.”
Marker residence sale
Earlier this year, Brehon Capital Partners announced its intention to sell a number of apartments and commercial units connected to the Marker Hotel for around €40 million.
A source close to the process said that the private equity player was confident that the sale will exceed the initial guide price, with 15 parties already interested in the properties.
There will be a second round of bidding of some description, with the vendor hopeful of completing a sale before the end of the month.
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Fun Bayo fact!
Emmet is Denis O’Briens nephew.
500 acres… jesus christ on a golf course.
Jason
Should we confiscate the land and turn it I to plots for the locals to farm? We could also rent out room in the Main House for family use and turn the entire into a tenement . Yahoo ….here comes Sinn Fein.
Sorry you’re feeling so terribly stung by SF successes in the recent elections. Must be hard for you to face those facts.
Boo!
(did someone say Sinn Fein!?!?!?)
Didn’t clean the boards like was expected. Maybe people Are still thinking about the past.
Businessman Emmet O’Neill = Uncle Denis’s favourite little soldier….if your a good boy Emmet you can play in The Beacon Hospital too.
What does been Denis O’Brien nephew got to do with the sale… Emmet O’Neill is a millionaire in his own right…He sold his company Smiles Dental sold for €36m
We are open to free comit any one that wishes to take a minute to tell what you have to say don’t be afraid just jump on with a few words talking about the flora a fans up have out on your door step and respect it for what it is look Natively
Anyone wishing to get involved with the next venture either or man’s line is 0893324090
They over paid
#mygafisbetter
Why are you using hash tags?
We can lol its Friday night and anything goed
Jibaddahud how many seconds can you lip a pint of your ?????
Hashtags are cool!
Emmet O’Neill is a successful businessman in his own right Denis O’Brien is nothing to do with it!
I can tell ye all Mount Juliette is the one and only course that I have ever watch a Irish Open and played the great 3 times after and will say this is a world class golf course and facilities will compete with the likes of many a great venue we have to offer Mount Juliette / €€€€€ we will earn the right to the next Rider c u p
And Paul Mc Ginley will lead the__€€€€$///////ok team__to The we in o ve r y uo gr so
does anyone know the early history of the house, The Byrne family worked there when the McCalmont family owned it as my ancester was groom to their racehorse The Tetrach early in 1900′s.
It would make a nice homeless shelter for the poor unfortunates of Kilkenny. Oh I forgot, everyone in Kilkenny is unfortunate, sorry!
Nice crib!
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