Tycoon Malone swoops for 70 per cent stake in Galway Radisson Blu

Tycoon Malone swoops for 70 per cent stake in Galway Radisson Blu

Jerry O’Reilly, the developer who was one of the original owners of the property, will take a 10 per cent stake

John Malone, the US cable tycoon, has emerged with a 70 per cent stake in the four-star Radisson Blu in Galway, following last week’s €50 million buyout of the hotel.

Jerry O’Reilly, the developer who was one of the original owners of the property, will take a 10 per cent stake, while Paul Higgins will have a 20 per cent holding.

Higgins and Malone are partners in the MSL Hotel Collection, a partnership which operates the Westin,...

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