Irish rugby team's hotel of choice Carton House sold to Irish-American for £51m
Luxury Carton House Hotel in Co Kildare - a favourite base for the Irish rugby team - has been sold to an Irish-American businessman for €57m (£50.8m).
John Mullen, chairman of Apple Leisure Group in Philadelphia, is reported to have exchanged contracts to buy the hotel last week.
The venue had been put on the market for €60m (£53m) in an agreement between the Republic's so-called bad bank Nama, and co-owners the Mallaghan family from Co Tyrone and the Kelly family.
The purchase by Mr Mullen, whose family originated in Co Mayo, includes the 165-bedroom hotel within an 18th century house, and a more recent build with a high-end spa.
Carton House estate includes a sports training camp, which is used regularly by the Irish rugby team, and has also played host to Premier League football teams on tour in Ireland.
The Mallaghan family is best-known for building up their manufacturing firm Mallaghan Engineering, which is based in Dungannon.