27/06/2008
Belfast's 'Coolest Hotel' Sold To Co Down Developer
An award-winning hotel, dubbed as 'Belfast's coolest hotel' by the 'style authorities' at the Sunday Times, has been sold to a Co Down property mogul.
Current owners Nicholas and Paul Hill - who also own the Ballymena-based Galgorm Resort - sold Ten Square Hotel to Drumaness-born millionaire property developer John Miskelly for an undisclosed sum.
It is understood the deal will see a major expansion, with the bedroom numbers being increased from 23 to more than 100, and the current staffing level of 75 more than doubling.
Mr Miskelly, a private investor - and avid Liverpool football supporter - was even linked to a possible takeover of the club in 2007.
It has been reported he plans to buy the adjacent properties to the hotel in order to allow for its expansion.
He owns a list of properties, including a chain of convenience stores, nursing homes and a medical supplies distribution company as well as Clarence Chambers buildings and Scottish Amicable, both in Belfast city centre.
The Hill brothers have decided to focus their attention on the Galgorm Resort and Spa, which recently received a £10 million makeover.
"The past eight year were exciting and we believe that Ten Square played a role in the revitalisation of Belfast City Centre," Nicholas Hill told the News Letter.
"We have now decided to focus our attention on Galgorm Resort and Spa. It is a prestigious complex which has already won awards and we are determined that it should maintain its position as one of the top leisure hotels on the island of Ireland."
Ten Square, hailed as being "one of the chicest boutique hotels in Ireland" by the Sunday Times, was opened in 2000 and has built up a strong reputation among locals, tourists and celebrities, even earning the accolade of one of the 'sexiest hotels in the world' by Cosmopolitan Magazine.
(JM)
Current owners Nicholas and Paul Hill - who also own the Ballymena-based Galgorm Resort - sold Ten Square Hotel to Drumaness-born millionaire property developer John Miskelly for an undisclosed sum.
It is understood the deal will see a major expansion, with the bedroom numbers being increased from 23 to more than 100, and the current staffing level of 75 more than doubling.
Mr Miskelly, a private investor - and avid Liverpool football supporter - was even linked to a possible takeover of the club in 2007.
It has been reported he plans to buy the adjacent properties to the hotel in order to allow for its expansion.
He owns a list of properties, including a chain of convenience stores, nursing homes and a medical supplies distribution company as well as Clarence Chambers buildings and Scottish Amicable, both in Belfast city centre.
The Hill brothers have decided to focus their attention on the Galgorm Resort and Spa, which recently received a £10 million makeover.
"The past eight year were exciting and we believe that Ten Square played a role in the revitalisation of Belfast City Centre," Nicholas Hill told the News Letter.
"We have now decided to focus our attention on Galgorm Resort and Spa. It is a prestigious complex which has already won awards and we are determined that it should maintain its position as one of the top leisure hotels on the island of Ireland."
Ten Square, hailed as being "one of the chicest boutique hotels in Ireland" by the Sunday Times, was opened in 2000 and has built up a strong reputation among locals, tourists and celebrities, even earning the accolade of one of the 'sexiest hotels in the world' by Cosmopolitan Magazine.
(JM)
Related Northern Ireland News Stories
Click here for the latest headlines.
24 February 2010
Property Group Scoops £35m Hotel Contract
Belfast-based developer Deramore Property Group has been awarded the construction contract on a £35m hotel development on Edinburgh's iconic Princes Street.
Property Group Scoops £35m Hotel Contract
Belfast-based developer Deramore Property Group has been awarded the construction contract on a £35m hotel development on Edinburgh's iconic Princes Street.
21 August 2013
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
NI Property Prices Increase
Residential property prices in Northern Ireland increased for first time since 2007, according to a new report. The Northern Ireland Residential Property Price Index report for the second quarter of 2013 showed that between quarter one and quarter two, residential property prices increased by 2%.
27 April 2004
Lisney named as leading property agency in NI
Belfast consultancy Lisney has been named as the leading commercial property agency in Northern Ireland by the online version of leading property journal Estates Gazette. Lisney came out on top in Northern Ireland in the EGi Deals competition, which seeks to find the most active commercial property agents in the UK.
Lisney named as leading property agency in NI
Belfast consultancy Lisney has been named as the leading commercial property agency in Northern Ireland by the online version of leading property journal Estates Gazette. Lisney came out on top in Northern Ireland in the EGi Deals competition, which seeks to find the most active commercial property agents in the UK.
25 March 2014
Foster Visits Galgorm Resort Expansion
Enterprise Minister Arlene Foster has performed the official sod cutting ceremony at the new extension at the Galgorm Resort and Spa. The £10m expansion will see additional bedrooms created as well as new leisure facilities, including a swimming pool and gym.
Foster Visits Galgorm Resort Expansion
Enterprise Minister Arlene Foster has performed the official sod cutting ceremony at the new extension at the Galgorm Resort and Spa. The £10m expansion will see additional bedrooms created as well as new leisure facilities, including a swimming pool and gym.
13 May 2011
Double Blow For NI Hotel Industry
Northern Ireland's hospitality industry has been dealt a double blow with the announcement that the Marine Hotel in Ballycastle, Co Antrim and Lough Erne golf and hotel resort in Co Fermanagh have been placed in administration.
Double Blow For NI Hotel Industry
Northern Ireland's hospitality industry has been dealt a double blow with the announcement that the Marine Hotel in Ballycastle, Co Antrim and Lough Erne golf and hotel resort in Co Fermanagh have been placed in administration.