Tetrarch Capital has completed its acquisition of Howth Castle and Demesne from the estate’s long-term owners, the Gaisford-St Lawrence family.
Tetrarch is now working on a master-plan for the estate, which is likely to include, among other elements, plans for a luxury hotel on the site of the existing Deer Park Hotel building, a championship golf course on lands currently occupied by the Deer Park Golf Courses, a new leisure centre, retail elements, and significant sports and recreational amenities and facilities.
"Building On The Great Legacy"
Commenting on the deal, Tetrarch chief executive Michael McElligott said, "We are hugely excited to become owners, and guardians, of the stunning Howth Castle and Demesne. Building on the great legacy of the Gaisford-St Lawrence family and our own very positive and rewarding experience of reshaping and transforming the five-star Mount Juliet Resort in Co. Kilkenny, we are now beginning work on what will be a comprehensive and diverse master-plan for the entire estate that we hope will appeal to a broad church of stakeholders and, in particular, to the local community. We will also be working closely with key stakeholders to preserve the beauty, amenity and accessibility of Ireland’s Eye.
"We are, and will continue to be, extremely conscious of the history and natural beauty of the estate and its importance to the local and wider community. We are most grateful to the Gaisford-St Lawrence family for placing their trust in Tetrarch to take over their extraordinary stewardship of Howth Castle and Demesne."
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
