Commercial Property

Paddy McKillen jnr sells off majority stake in Dean Hotel Group

Investment firms from the UK and US have taken a majority stake in group in a deal valued at hundreds of millions of euros

The Dean Hotel Group: Group runs prime hotels in Dublin, Cork, Galway and Athlone - all of which will continue to operate under their current branding. Picture: John Allen

The Dean Hotel Group, the hotel real estate firm owned by Paddy McKillen jnr, has agreed to sell a majority stake to international investment funds based in the UK and US.

The deal is being managed and led by London-headquartered Lifestyle Hospitality Capital Group and backed by funds advised by Elliott Investment Management - the US investment management company founded by legendary investor Paul Singer in 1977, which manages in the region of $59.2 ...