Galgorm Collection has agreed to buy Templeton Hotel for £7m, taking the group’s total investment into Northern Ireland tourism to £10m over the past 12 months.
The 24-bedroom hotel in Templepatrick has been operated by the McCombe family since it was built in 1990 by Stephen & David McCombe.
The sale adds to the Galgorm Collection’s, previously known as Tullymore House Ltd, suite of hospitality investments over the past year, which includes £1.5m in Belfast-based restaurants’ Fratelli & Café Parisien and the £600k purchase and refurbishment of the Castle Kitchen + Bar at Galgorm Castle Golf Club in 2018.
Galgorm Resort is also set to unveil a number of additional luxury cottages within the estate next month.
The Templeton Hotel will now undergo significant redevelopment, with plans due to be revealed soon.
Managing director Colin Johnston said: “Our multi-million-pound investment in Templepatrick will strengthen the local community and economy, as well as cement Northern Ireland’s reputation as a world-class tourism destination.
“The Galgorm Collection are an extensive investor in Northern Ireland and our latest exciting venture in Templepatrick will bring our current employee count to just short of 1000 people, reaffirming our commitment to the people of Northern Ireland. Over 50 jobs will be created and all current staff will be retained.”
The Galgorm Collection’s properties include; The Galgorm Spa & Golf Resort which has benefited from a multi-million-pound investment programme over the last decade; Fratelli Belfast on Great Victoria Street Belfast; Café Parisien, a French brasserie-style restaurant, on Donegall Square Belfast.
And in another major investment last year, the Galgorm Collection opened the Castle Kitchen & Bar, at Galgorm Castle Golf Club in Ballymena.