M/16/048- Irish Property QIAIF/ Three Hotels

Transaction details

The acquisition by Irish Property QIAID plc of three hotel assets, the Morgan, the Spencer and the Beacon, from Allengage Developments Limited, Aston Quay Property Limited, Riverfront Hotels Limited and Okinawa Limited, has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Friday September 30, 2016 Thursday, November 3, 2016
Parties Involved Business activities
Irish Property QIAIF plc

Irish Property QIAIF plc is an Irish-domiciled fund wholly-owned by Irish Holdings II LLC ("Irish Holdings"). Irish Holdings invests in Irish Property. It controls a number of Irish hotels.

Allengage Developments Limited

Allengage Developments Limited is a property company and owns the Morgan Hotel Dublin.

Aston Quay Property Limited

Aston Quay Property Limited manages and operates the Morgan Hotel Dublin.

Riverfront Hotels Limited

Riverfront Hotel Limited owns, manages and operates the Spencer Hotel Dublin.

Okinawa Limited

Okinawa Limited owns the assets that make up the Beacon Hotel Dublin and also manages and operates the Hotel.

Economic sector Media merger
Hotel Assets No
Submissions from third parties due by:
Phase 1 Phase 2
Monday, October 17, 2016
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Barry O'Donnell

Tel: 00(353) 1 4703696 Email: barryodonnell@ccpc.ie

Media enquiries: MKC Communications: 01 7038600

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