Talbot Collection confirms acquisition of Limerick’s €18m Absolute Hotel

The planned acquisition of the Absolute Hotel by the Talbot Collection was first reported by the Irish Independent in September.

The deal us understood to value the 99-bedroom Absolute Hotel at €18m.

The Talbot Collection is owned by the Pettitt family. They also own a number of SuperValu supermarkets, mainly in the east of the country.

The Talbot Collection already owns the Talbot Hotel in Wexford town, as well as five other Talbot-branded hotels in locations including Cork, Dublin, Clonmel and Carlow. It also owns the Talbot Suites self-catering apartments in Wexford town, and Newbay House in the county.

“This investment reflects our confidence in Ireland’s hospitality industry and our ongoing commitment to our people and guests,” said Philip Gavin, managing director of the Talbot Co