Monday, September 15, 2014

Largest Landowner In the U.S. Is Buying Hotels In Ireland

Speaking of such things, what is the Queen going to do with Balmoral should the resolution split the Union?
B&B?
From ValueWalk:
John Malone goes on a property buying spree in Ireland
John Malone loves real estate. Malone is the largest property owner in the U.S., and he has recently gone on a hotel property buying spree in Ireland
John Malone
According to a September 13th article on news site Independent.ie, American billionaire John Malone is planning a major expansion of Dublin’s Trinity City Hotel (formerly the Trinity Capital Hotel). Malone purchased the hotel a few months ago for $35 million. The billionaire also recently purchased the Humewood Castle and estates in County Wicklow ($7.2 million), the Westin Hotel on Westmoreland ($65 million) and the Hilton Hotel on Charlemont Place in Dublin ($30 million).

John Malone: Details on planned expansion of Trinity City Hotel
The Independent.ie article says Trinity Leisure Holdings firm has petitioned the Dublin City Council for planning permission to extend the facility at the rear, adding 23 new rooms.The proposed addition extension will bring the total number of bedrooms at the four-star hotel to 218.

Of note, the Trinity City is already profitable, and is looking to take advantage of the robust hotel market in Dublin right now .The development plans filed also include the construction of a glazed terrace bar on the sixth floor of the property as well as a number of modifications to the former Tara Street fire station on the ground floor. The building has historical protection status....MORE
From our July 2012 post "The 100 Largest Landowners in America":
From The Land Report:

No. 1 John Malone
2,200,000 acres

John Malone, the 70-year-old chairman of Liberty Media, is famously reticent when it comes to discussing his business life. There is, however, one subject that makes the Denver businessman open up: his personal land holdings.
 
Recently, he’s had a lot more to talk about. In 2011, Malone became the largest private landowner in the U.S., wresting the top spot on The Land Report 100 from his friend and longtime business partner, Ted Turner. His decades-long rise to the top dates back to the 1990s, when Malone began acquiring land in Colorado, New Mexico, and Wyoming. His land grab kicked into overdrive in the summer of 2010 when he purchased New Mexico’s historic 290,100-acre Bell Ranch. In early 2011, he snapped up an additional 1 million acres of timberland in Maine and New Hampshire to become America’s leading land baron. Malone says his lust for land harkens back to his Irish genes: “A certain land hunger comes from being denied property ownership for so many generations.”...MORE 
THE FULL LIST: AMERICA’S TOP 100 LANDOWNERS 2011
  1. John Malone
  2. Ted Turner
  3. Archie Aldis Emmerson
  4. Brad Kelley
  5. Irving Family