Fred and Kay Krehbiel bought Ballyfin, a Regency mansion just outside Mountrath in Co Laois, in 2003. They spent eight years restoring the property before opening it as a 15-bedroom hotel in 2011.
Krehbiel is a Chicago-based businessman whose grandfather founded Molex, an electrical manufacturing firm, in the 1930s. Molex was sold for $7.2 billion in 2013, with Forbes reporting that around $2.2 billion of the proceeds would go to Fred Krehbiel and his brother John.
Kay Krehbiel is a...
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