MHL buys Powerscourt Hotel for more than €50 million

MHL buys Powerscourt Hotel for more than €50 million
Powerscourt Hotel Resort & Spa, Co Wicklow: it has more than 200 bedrooms

The MHL Hotel Collection recently agreed to acquire the five-star Powerscourt Hotel Resort & Spa in Co Wicklow from Sugarloaf Investments (a consortium comprising Midwest Holding, Tetrarch Capital and Brehon Capital Partners) for a sum said to be in excess of €50 million. The transaction is subject to approval from the Competition and Consumer Protection Commission (CCPC).

Owned by a partnership comprising John Malone, John Lally and Paul Higgins, the MHL Collection comprises 11 four-star and...

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