Irish eyes are smiling on Denver billionaire John Malone, who has completed a reported €65 million deal (roughly $88 million) for Dublin, Ireland's Westin Hotel. The property is the latest addition to Malone’s Irish portfolio, which also includes the Trinity City Hotel on Pearse Street and the Hilton Dublin.
Malone, who made his fortune in telecommunications, has invested in the three properties through the Lalco Hotel Group.
Malone is reportedly the largest individual land-owner in the US, with a holding of close to 2.2 million acres in Maine, Maryland, New Mexico, Colorado and Wyoming.
As reported by Ireland's The Journal, Lalco director John Lally said that the Westin “fits exceptionally well with the profile of our other properties in terms of location and iconic status and our objective is to maintain its position as one of Ireland’s leading five star hotels.”
In addition to the Dublin hotels, Lalco also runs The Strand in Limerick, The Harbour Hotel in Galway and the Glenlo Abbey Hotel and Golf Club.