M/16/052 – Mollydale (Halstonville) / Smorgs (Travelodge)

Transaction details

The proposed acquisition by Halstonville Limited (which is jointly controlled by The Goldman Sachs Group, Inc. & Piershine Limited), through its wholly owned direct subsidiary Mollydale Limited, of five subsidiaries of Smorgs Limited and the assets of another two Travelodge Hotels (Swords & Belfast), has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Friday October 21, 2016 Monday, November 28, 2016
Parties Involved Business activities
Mollydale Limited

Mollydale Limited is a wholly owned direct subsidiary of Halstonville Limited and is a special purpose vehicle established solely for purposes of the proposed acquisition.

Halstonville Limited

Halstonville Limited owns and operates a number of hotels in the State and is jointly controlled by The Goldman Sachs Group (through ELQ VI Investors Limited) and Piershine Limited.

Smorgs Limited

Smorgs Limited is involved in ownership and operation of a chain of Travelodge Hotels through a number of subsidiaries, five of which (Smorgs (Ireland) Limited, Smorgs ROI Management Limited, Smorgs Property Holdings Limited, Smorgs (Northern Ireland) Limited and Smorgs (NI) Management Limited) are the subject of the proposed acquisition.

Travelodge Hotels Swords and Belfast

The proposed acquisition includes the assets of two other Travelodge Hotels (Swords & Belfast) belonging to Smorgs Limited and/or its subsidiaries.

Economic sector Media merger
Hotel and hospitality sector No
Submissions from third parties due by:
Phase 1 Phase 2
Thursday, November 10, 2016
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Joseph Walser

Tel: (+353) 1 470 3678 E-mail: josephwalser@ccpc.ie

Media enquiries: MKC Communications: 01 7038600

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