Tifco, the holding company that owns or manages 25 hotel properties around Ireland, is up for sale. Tifco owns 16 hotels including 11 Travelodges, Dublin’s Hard Rock Hotel, The Crowne Plaza Dublin Airport, the Crowne Plaza Blanchardstown, the Arthaus Hotel Dublin, and the Holiday Inn Express Dublin Airport. React News has reported that Eastdil Secured has been mandated to find a buyer. Tifco is owned by Apollo Global Management. Apollo is one of the world’s biggest private equity firms. For private equity firms like Apollo, the M.O. is to buy companies, have them borrow a lot of money, and then…
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