An Irish-American tycoon who owns a number of country homes and estates in Ireland has struck a deal for one of Dublin's most exclusive hotels.
Billionaire John C Malone has teamed up with property development and hospitality experts Paul Higgins and Lalco to buy the former Four Seasons Hotel in Ballsbridge.
The media mogul, chairman of Liberty Global which has global revenues of US$20 billion and controls UPC, already owns the impressive Humewood Castle in Wicklow, Castlemartin Estate by the Liffey in Kildare and Ballylinch Stud in Kilkenny.
The deal for the Four Seasons was struck by the John Malone Partnership (JMP) which already owns the five star Westin Hotel as well as the Trinity City Hotel, The Hilton Dublin and the Limerick Strand Hotel.
Paul Higgins, partner in the JMP, said: "John Malone and partners are thrilled to be associated with a hotel that holds such a special place in the hearts and minds of discerning visitors to Dublin."
The sale price for the hotel was undisclosed but the partnership said it will undergo a 5 million euro facelift.
Known as the InterContinental Hotel, Dublin, since the turn of the year, the former Four Seasons opened in 2001 and was home to former Republic of Ireland manager Giovanni Trapattoni and the late taoiseach Albert Reynolds.
The hotel has 197 guest rooms, including 58 suites, an indoor swimming pool, spa and fitness centre, two restaurants and two bars and event space with two ballrooms of more than 15,000 square feet.