Northern Ireland hotel to receive €8m investment from Tullymore
Tullymore House Ltd, which owns the Galgorm Spa and Golf Resort, has acquired the Templeton Hotel in Co Antrim
Templeton Hotel in Northern Ireland
One of Northern Ireland’s leading hospitality groups has expanding its portfolio with the acquisition of a Co Antrim hotel in an deal estimated to be worth £7 million (€8 million).
Colin Johnston, managing director of the group believes its new multi-million-pound investment will help support Northern Ireland’s growing tourism industry.
The two, who remain major shareholders in Tullymore House Ltd, have invested more than £30 million in creating the destination resort in Ballymena, which won global spa of the year at the World Luxury Hotel Awards two years ago.
The brothers have also expanded into the restaurant business and currently own two Italian restaurants in Belfast, where they are also planning to develop a hotel.
Latest accounts show Tullymore House Ltd reported a turnover of more than £22 million and pre-tax profits of more than £7 million in 2017.
The group now plans to redevelop the 24-bedroom Templeton hotel which had been operated by the McCombe family since 1990. It also intends to create an additional 50 jobs.