Kerry native Peter Stack (1995) has been named as the new managing director of Amaris.
“We are very interested in expanding our footprint further in Ireland and are actively exploring a number of exciting opportunities,” said Mr Stack, who previously was head of asset management at Amaris.
Amaris Hospitality, the Irish-led hotel investment and management company behind the Hilton Garden Inn on Dublin’s Custom House Quay, is planning to expand in Ireland following the completion on Friday of its £600 million (€678.5 million) acquisition by European property firm LRC Group.
US private equity firm Lone Star sold the Amaris platform and 23 hotels to LRC seven months after completing the disposal of its portfolio of Jurys Inn hotels to Swedish investor Pandox last December for £800 million.
LRC, a fund with its headquarters in Cyprus but founded and run by Israeli investor Yehuda Barashi, has appointed Irish hotelier John Brennan at the helm of Amaris as non-executive chairman of the business. Read more in the Irish Times […]