In a €25m acquisition.
FBD Hotels & Resorts Group is to expand through the €25m acquisition of the Killashee Hotel in Naas.
The group has agreed to buy the four-star property from Tetrarch Capital and the deal will add 300 staff to its already 900-strong workforce.
The Irish Examiner reports, FBD Hotels already owns five hotels in Ireland and Spain, including Faithlegg Hotel in Waterford, the Heritage Hotel and Spa in Laois, Castleknock Hotel in Dublin, and the Sunset Beach Club in southern Spain.
Group CEO David Kelly said the business has weathered the last two years and is ready to grow.
“Our overall performance continues to be positive.
"As a sector, the past two years have presented unique challenges but underpinned by a strong balance sheet, a committed team, and forward-focused ownership, we used the period well and are ready for the next phase of growth right across our portfolio”, he said.
The FBD Hotels announcement follows the Dalata Hotel Group announcing its first hotel in Germany earlier this month.
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