Wednesday July 8, 2020

Ireland’s most expensive hotel to expand by a third

The multimillionaire owners of the country’s most expensive hotel are increasing the number of bedrooms at the property by a third, and will open the restaurant to non-residents for the first time this year.

Gillian Nelis

Managing Editor

1st February, 2015
One of Ballyfin’s six reception rooms

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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