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Changes expected at Gleneagle after €30m refinancing deal
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The popular Gleneagle Hotel is set for significant redevelopment after securing a €30m refinancing deal.
The Gleneagle Group, which is owned by the O’Donoghue family, made the switch from AIB to Ulster Bank and a second provider and the new funds will allow for refurbishments and upgrades to the famous Killarney hotel.
Speaking to the Independent, Patrick O’Donoghue, CEO of the Gleneagle Group, said work would be carried out “on a phased basis” and would not interfere with the operation of the hotel.
"Drawing on our 60 years of experience in the hospitality industry, this programme of improvements will provide our guests with an enhanced visitor experience," he said.
The Gleneagle originally opened its doors in 1957 and its Ballroom, established in 1962, quickly earned a reputation for being one of the best music venues in the country. Today the INEC can hold 3,500 people and regularly attracts the top artists from Ireland and abroad.
