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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Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555