Galgorm Collection Acquires Roe Park Resort in Co. Derry
In a significant development within the hospitality sector, Galgorm Collection has agreed to purchase the Roe Park Resort, a prestigious golf resort located near Limavady, Co Derry. This acquisition not only expands the Galgorm Collection’s portfolio but also reinforces its commitment to enhancing the hospitality landscape in Northern Ireland.
Key Details of the Acquisition
The Roe Park Resort, which features 118 beds and is classified as a four-star venue, was placed on the market in late June 2023 with an asking price of over £14 million. The bidding process reportedly involved three hospitality groups, culminating in the Galgorm group securing the winning bid. While it remains unclear whether the final price met the initial asking amount, the deal is currently awaiting completion of legal and financial processes.
This transaction will add Roe Park to Galgorm Collection’s esteemed portfolio, which already includes the flagship Galgorm Resort in Ballymena, as well as The Rabbit Hotel in Templepatrick and The Old Inn in Crawfordsburn. The group’s presence extends to the culinary scene with popular Belfast restaurants, Parisien and Fratelli.
Roe Park Resort: A Destination of Choice
Roe Park opened its doors in 1995 and has been independently owned for nearly three decades. The extensive facility boasts an impressive 18-hole PGA-standard parkland golf course, a driving range, a golf academy, a luxurious spa, two restaurants, bars, and a health club. Moreover, Roe Park Resort offers a selection of self-catering accommodations, including three existing properties and plans for an additional eleven detached units.
Over the past three years, approximately £3 million has been invested in upgrading various aspects of the resort. These improvements include enhancements to wedding and event facilities, bedrooms, the golf course, and the recently developed Gate Lodge self-catering property. According to the latest financial reports, the resort achieved a pre-tax profit of £943,000 in 2022, with a turnover of £7.4 million.
Strategic Considerations for Galgorm Collection
This acquisition comes at a pivotal time, just one year before The Open Championship returns to Portrush, situated a mere 22 miles from Roe Park. The Galgorm group is actively engaged in plans for a new championship links golf course in the picturesque foothills of the Glens of Antrim. Negotiations are ongoing with approximately 30 landowners in the Glenariffe area, with aspirations to complete the project in time for the Ryder Cup’s anticipated return to Ireland in 2027.
Additionally, Galgorm Collection is reportedly in the process of acquiring the Galgorm Castle Golf Club, further solidifying its position as a key player in the region’s hospitality and golf industries.
Looking Ahead: Impacts and Opportunities
The integration of Roe Park into the Galgorm Collection presents an array of opportunities. Guests can expect enhanced hospitality experiences amid a broader array of amenities and services, as the Group is renowned for its dedication to service excellence and unique guest offerings.
Experts in the hospitality sector view this acquisition as a vital step not only for Galgorm Collection but for the entire tourism industry in Northern Ireland. Enhanced facilities and the infusion of investment are expected to attract more visitors seeking premium golf experiences, thereby contributing to local economies and communities.
As the landscape of Northern Ireland’s hospitality sector continues to evolve, this deal underscores a growing trend toward consolidation within the market. Increased investment and integration of offerings may provide a competitive edge to the Galgorm Collection, particularly in the wake of high-profile golf events approaching the region.
This development opens new dialogues around what the future holds for luxury accommodations and golfing experiences in Northern Ireland.
What are your thoughts on the acquisition of Roe Park by Galgorm Collection? Share your insights and predictions for the future of hospitality in Northern Ireland in the comments below!
