Superquinn buys Montrose Hotel for over €40m

The owners of the Superquinn supermarket chain have agreed to buy the Montrose Hotel in Stillorgan, Co Dublin, from Jurys Doyle for more than €40 million.

17th February, 2007

Select Retail Holdings (SRH), which bought Superquinn in August 2005, plans to demolish the Montrose and build a new supermarket on the site, with apartments above.

The deal to purchase the hotel from the Jurys Doyle hotel group – of which Bernie Gallagher has been the public face since it was taken private – is expected to be completed shortly. New two-bedroom apartments in the area are currently selling for over €500,000.

SRH comprises property developers...

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