London-based property firm nears deal for Buswells Hotel

Buswells News

London-based property firm nears deal for Buswells Hotel
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Roundstone Real Estate understood to have secured financing from company owned by nephew of JP McManus

A new UK real-estate firm cofounded by an Irish property veteran is close to buying Buswells , the storied hotel opposite Leinster House once owned by the Quinn family, for about €15 million, according to sources.

The Murtaghs were subsequently reported by earlier this year to be back in talks to buy the 67-bedroom hotel. Mr Meagher, who once worked with AIB and most recently served as chief executive of UK retirement living developer Auriens Group, cofounded Roundstone in January with fellow property veteran Richard Banks.

Nama is on track to be wound down by the end of 2025 and the residual assets and liabilities of both crisis-era vehicles will be put into a new resolution unit to be set up by the National Treasury Management Agency .

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