The Dean Hotel Group has sold a majority stake in the business to US and UK based investment funds.
Financial details of the amounts being paid by the investment vehicle managed and led by Lifestyle Hospitality Capital Group, and backed by funds advised by Elliott Investment Management LP, have not been disclosed.
"We are confident that The Dean Hotel Group will continue to thrive, as our partners at LHC both understand and embrace our distinctive Irish vision of hospitality that runs through The Dean Hotel Group portfolio," Paddy McKillen Jr said. LHC is a newly formed global investment management platform that specialises in lifestyle hospitality and operational real estate.
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