Saturday October 31, 2020

Room at the inn for massive expansion

Swedish capital helps back buying spree in Britain for Prem Group

5th June, 2016
Jim Murphy, chief executive of Prem Group, at Tulfarris resort in Wicklow Picture: Maura Hickey

Fresh from deals to buy the luxury manor house Cahernane Hotel in Kerry and an €8 million takeover of Nama’s Tulfarris hotel and golf resort in Wicklow, hotel operator Prem Group is set to acquire yet another property, this time in Britain, according to its chief executive Jim Murphy.

The British hotel deal will mean all of the €30 million in funding raised by Prem from Swedish investor Proventus will have been committed...

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