Mon, 24 Oct 2011 | BUSINESS SALE
One of the best-known hotels in the Irish hospitality industry, the Belfast-based Portaferry Hotel, has been acquired by the Beannchor Group.
Hotelier Bill Wolsey, owner of The Beannchor Group – which already owns 51 commercial premises including The Merchant in Belfast city centre - plans to invest heavily in its new acquisition.
A full £100,000 refurbishment and renovation is planned for the 14-bedroom seafront hotel, which was previously owned by John Herlihy, the former President of the NI Hotels & Caterers Association, who sold to the Belfast-based Jewell Group in 2007. Jewell then sold the hotel on to Mar Properties.
In May of this year, Mr Wolsey began a strategic acquisition process that saw his Beannchor Group buy 15 pubs from Mar Properties, according to 4NI.co.uk.
The pubs, all of which were located in Country Down, included the Hillside in Hillsborough, the Groomsport Inn and its sister pub The Stables, Lisbarnett House near Lisbane and the Esplanade in Ballyholme, Bangor.
The recent purchase of the Portaferry Hotel completes this year's series of acquisitions for the group. The Beannchor Group also owns The Leighinmohr Hotel in Ballymena and the Cloth Ear bar in Belfast.
Utilising its fleet of special-purpose LGVs and vans, the company offers UK and international domestic and business removals; short- and long-term storage solutions, including self-storage facilities; UK-wide collections and deliveries for single and...
Provides a range of products and services to the construction, restoration and domestic roof contracting sectors, including slating, tiling and leadwork. Caters to a broad client base comprising commercial, industrial and private domestic clients. Ex...
The company specialises in thermal insulation and trace heating solutions, installing and maintaining a wide array of insulation types, fire protection and weatherproof coverings. The business effectively works on many properties, including retail ou...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.