M/16/048- Irish Property QIAIF/ Three Hotels [2016] IECompA m16048 (3 November 2016)

M/16/048- Irish Property QIAIF/ Three Hotels [2016] IECompA m16048 (3 November 2016)

The Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Parties
Acquirer: Irish Property QIAIF plc; Seller: Allengage Developments Limited; Seller: Aston Quay Property Limited; Seller: Riverfront Hotels Limited; Seller: Okinawa Limited
Jurisdiction
Ireland
Judgment Date
03 November 2016
Procedural Posture
Merger Notification / Decision (phase 1 Clearance)
Outcome
cleared
Legal Topics
Merger Control, Hotel Sector Acquisitions
Competition Law Merger Control Hotel Sector Acquisitions

Case Brief

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Parties

Irish Property QIAIF plc

Acquirer

Allengage Developments Limited

Seller

Aston Quay Property Limited

Seller

Riverfront Hotels Limited

Seller

Okinawa Limited

Seller

Procedural Posture

Merger Notification / Decision (phase 1 Clearance)

Legal Issues

  1. 1 Whether the proposed acquisition of three hotel assets by Irish Property QIAIF plc raises competition concerns under Irish merger control law

Ratio Decidendi

The Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Court Disposition

cleared

Orders

  • Acquisition by Irish Property QIAIF plc of the Morgan, the Spencer, and the Beacon hotels from Allengage Developments Limited, Aston Quay Property Limited, Riverfront Hotels Limited, and Okinawa Limited is cleared under Phase 1 merger review.