A major Canadian hotel operator has bought the Portmarnock Hotel & Golf Links from US real estate investment group Kennedy Wilson for about €50 million. The completion of the deal on Wednesday sees ownership of the famous Dublin golf resort pass to the Vancouver-headquartered hospitality specialist, Northland Properties Group. The sale of the Portmarnock Hotel & Golf Links to Northland meanwhile provides Kennedy Wilson with an impressive return on its investment in the Dublin property. Wide interestDan O’Connor of JLL and Mason Hayes & Curran advised Kennedy Wilson on the sale of the property. The resort is best known now for its 18-hole championship links golf course, which was designed by two-time Masters champion Bernhard Langer.

Source: The Irish Times October 16, 2019 15:44 UTC