Irish Competition Authority Decisions

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URL: http://www.bailii.org/ie/cases/IECompA/2016/m16048.html
Cite as: [2016] IECompA m16048

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M/16/048- Irish Property QIAIF/ Three Hotels

Page Attachments

M-16-048 Irish Property QIAIF Public
M-16-048 Commission clears acquisition by Irish Property

Transaction details

The acquisition by Irish Property QIAID plc of three hotel assets, the Morgan, the Spencer and the Beacon, from Allengage Developments Limited, Aston Quay Property Limited, Riverfront Hotels Limited and Okinawa Limited, has been cleared by the Competition and Consumer Protection Commission.

Notification date	Decision date
Friday September 30, 2016	Thursday, November 3, 2016

Parties Involved	Business activities
Irish Property QIAIF plc	Irish Property QIAIF plc is an Irish-domiciled fund wholly-owned by Irish Holdings II LLC ("Irish Holdings"). Irish Holdings invests in Irish Property. It controls a number of Irish hotels.
Allengage Developments Limited	Allengage Developments Limited is a property company and owns the Morgan Hotel Dublin.
Aston Quay Property Limited	Aston Quay Property Limited manages and operates the Morgan Hotel Dublin.
Riverfront Hotels Limited	Riverfront Hotel Limited owns, manages and operates the Spencer Hotel Dublin.
Okinawa Limited	Okinawa Limited owns the assets that make up the Beacon Hotel Dublin and also manages and operates the Hotel.

Economic sector	Media merger
Hotel Assets	No

Submissions from third parties due by:
Phase 1	Phase 2
Monday, October 17, 2016

Current status: Completed
Cleared (Phase 1)

Authorised Officer Assigned	Contact Details
Barry O'Donnell	Tel: 00(353) 1 4703696 Email: barryodonnell@ccpc.ie

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