The McGettigan Hotel Group has bought Gallagher’s Hotel in the heart of Letterkenny.
A spokesman for the McGettigan family confirmed that they have acquired the hotel.
With the group having already taken over the nearby Clanree Hotel, this will allow it to strength its position in Letterkenny where it will continue to enhance the level of product on offer to both locals and tourists.
"We will continue on the theme and build on the success of the Clanree to date," he said.
Gallagher's Hotel was put on the market in October. At the time selling agents CBRE described it has being “a tremendous business opportunity to acquire a very well presented town centre 82 bedroom hotel on the Main Street of Letterkenny, the gateway to the North West and one of Donegal’s most popular tourist attractions”. While no details of the amount paid for Gallaghger's has been released, a guide price of €900,000 was given in October.
The 82 bed hotel includes a presidential suite, which is fitted with a jacuzzi bath, two plasma screen TV’s, living and private dining area. This room has private decked veranda with outdoor hot-tub and sun loungers.
The hotel has five function/meeting rooms.
The McGettigan Hotel Group has expanded rapidly in recent years and has also just acquired the Maldron Hotel Citywest and Kingswood Country House, close to Citywest shopping centre in Dublin 22.
The group reportedly paid more than €4 million for the three-star hotel 129 bedrooms and adjoining Kingswood Country House, a period house which has a restaurant, bar and functions facilities.
Several of its Irish hotels were acquired at prices well below what they would have been during the Celtic Tiger years.
McGettigan’s other hotels are the North Star Hotel near Connolly railway station in Dublin; the Clanree Hotel in Letterkenny; the Ambassador in Cork; the Limerick City Hotel (formerly Jury’s) and the Millrace Hotel in Bunclody, Wexford, and the five star Bonnington Jumeirah Lakes Towers in Dubai.
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