Friday September 18, 2020

US billionaire using low-tax fund to buy up Irish hotels

Cable King John Malone leads consortium purchase of former Four Seasons hotel for €54m

22nd March, 2015
6
John Malone chairs a consortium that bought the Intercontinental Hotel in Dublin last week for around €54 million. Picture: Maura Hickey

US telecoms billionaire John Malone will use a special tax-minimising investment vehicle to control his stake in the Intercontinental Hotel in Dublin.

A consortium chaired by Malone bought the former Four Seasons hotel in Ballsbridge last week for a figure understood to be around €54 million. The partnership behind the deal included Malone, who is reportedly worth up to €20 billion, and Irish investors Paul Higgins and the John Lally-controlled Lalco.

It is understood that...

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