FBD Hotels and Resorts (FBDH&R) has agreed to acquire the Grand Hotel in Malahide, County Dublin, for €55m.
The Grand Hotel has been owned by the Ryan family since 1974 and has a history dating back to 1835, employing over 200 people.
FBDH&R plans to invest in upgrades, including improvements to the 202 bedrooms, dining facilities, and IT infrastructure.
The acquisition is subject to approval by the Competition and Consumer Protection Commission (CCPC), with CBRE advising FBDH&R and JLL advising the Ryan family.
