Property investment fund Tetrarch Capital is to move its hospitality business into a separate division, Tetrarch Hospitality.
Tetrarch Hospitality will be led by Damien Gaffney as managing director, to also take on the role of chief operating officer for the wider Tetrarch Capital group. Glenn Valentine, the current general manager of Citywest Hotel in Co Dublin, has been appointed director of operations within hospitality division.
“The scale of the business demanded a formal approach to our hospitality operations to maximise the value of each of the assets,” Tetrarch’s chief executive Michael McElligott told The Irish Times.
Tetrarch Hospitality will initially operate and manage properties at Mount Juliet in Kilkenny, the Citywest Hotel and the Dawson Hotel in Dublin, Killashee House Hotel in Kildare, Mount Wolseley in Carlow, Clonmel Park Hotel in Tipperary and the Jacob’s Inn hostel in Dublin.