‘People have made lots of money from these hotels. But when they get them back, they know refurb costs will be huge and they don’t have the appetite,’ Talbot MD Philip Gavin said
‘A galloping mare of a hotel.’ Talbot Collection has bought the Absolute Hotel in Limerick City for €18m
The Talbot Collection hotel group plans to continue its expansion and buy more hotels and is eyeing up former hotel properties coming to the end of direct provision contracts with the State as it looks to continue a nationwide expansion.
The Wexford-headquartered group confirmed last week that it is buying its seventh hotel, the 99-bedroom Absolute Hotel in Limerick city for €18m.