FBD Hotels & Resort have expanded its hotel group with the acquisition of Killashee Hotel for €25 million.
FBD Hotels & Resort (FBDH&R), which operates hotels and resorts in Ireland and Spain, acquired the Co Kildare hotel as the sixth hotel in its portfolio of luxury four-star hotels and resorts.
Other hotels owned by FBDH&R in Ireland include Faithlegg Hotel, Co Waterford, the Heritage Hotel and Spa, Co Laois, and Castleknock Hotel, Co Dublin.
Established in the early 2000s, Killashee Hotel was sold by Tetrarch Capital. The 141-bedroom hotel, which has extensive conference, wedding, spa and leisure facilities, is located on 55 acres of land between Naas and Kilcullen.
Commenting on the announcement, CEO of FBD Hotels & Resorts, David Kelly said: “We are delighted to announce the agreement to add Killashee Hotel to the FBD Hotels and Resorts portfolio.
“Killashee Hotel is a successful business with a longstanding reputation of excellence that aligns strongly with the ambitions and values of FBD Hotels and Resorts.
“As such, we are confident that this hotel is a strong strategic fit for our group, offering solid fundamentals in terms of team, location, brand, and historical performance.
“As we embark on this next step with Killashee Hotel, we are excited to work with the team to continuously improve the hotel’s services and offering.
“We have both short- term and long-term investment plans for the hotel to include investments in the business, its infrastructure, and its people,” he added.
“We are confident that these investments will allow us to build on the successful reputation of Killashee Hotel, while continuing to maintain the highest quality standards in hospitality going forward.
“Our overall performance continues to be positive. As a sector, the past two years have presented unique challenges but underpinned by a strong balance sheet, a committed team, and forward-focussed ownership, we used the period well and are ready for the next phase of growth right across our portfolio.”
The acquisition of Killashee hotel brings the number of hotel rooms in the group’s portfolio to 1,078.
