The Dean Hotel Group is a dedicated hotel real estate, brand and management platform recently spun-off from Press-Up Hospitality Group. Founder Paddy McKillen Jr and the McKillen Company will retain a stake and remain involved in the business.
Completion of the deal is expected in Q4 2023, subject to customary closing conditions.
The company’s hotels will continue to be managed and operated by The Dean Hotel Group under its own brands including The Dean, The Mayson, The Clarence, The Devlin, The Leinster and Glasson Lakehouse. The Dean brand has three hotels operating in Ireland, with two hotels set to open in the UK by 2025, including the 155-key The Dean Birmingham.
Embracing Irish vision
Paddy McKillen Jr said: “We are delighted to have agreed this transaction, which will create a partnership between Ireland’s leading hospitality company and a best-in-class hospitality investment management platform.
“We are confident that The Dean Hotel Group will continue to thrive, as our partners at LHC both understand and embrace our distinctive Irish vision of hospitality that runs through The Dean Hotel Group portfolio.”
Next phase delivery
Keith Evans, founder and CEO of LHC, added: “As experienced investors in this space, we were drawn to the exceptional collection of locally designed and curated hotels, bars and restaurants that Paddy and his team have developed.
“We look forward to continuing to honour The Dean Hotel Group’s Irish heritage as we work together to deliver on the next phase of growth for the portfolio.”
Based in Dublin, The Dean Hotel Group includes eight freehold properties across Ireland, comprising around 650 hotel rooms, 30 bars and restaurants, six leisure facilities and a cinema.
The unique design of each hotel contributes to the cultural fabric of the local communities and supports and promotes Irish art, culture, music and nightlife.