The Portmarnock Hotel and Golf Links in Dublin has been sold to a major Canadian hotel owner.
Sandman Hotel Group bought the well-known property for an undisclosed fee.
The complex came to market in May with a guide price of €50m.
It was sold by US real estate investment group, Kennedy Wilson, which bought it for €27 million five years ago.
"We are thrilled to be expanding into Ireland. It's such a stunning part of the world and this property is incredibly special," said Mitch Gaglardi, Managing Director of the UK branch of Northland Properties, which owns the Sandman Hotel Group.
"We have great respect for the existing team and the long-history of the hotel – combined with our own 50 plus years of experience, we see a winning formula."
The 160-acre beach front property comprises a 134-bedroom hotel and the 18-hole championship golf course, designed by Bernhard Langer.
The hotel has undergone an extensive €11 million refurbishment recently to its bedrooms, spa, golf facilities, conferencing and banqueting areas.
The property dates back 172 years and was once the home and private golf course of the family behind the Jameson Whiskey brand.
The purchase is the 59th hotel to be acquired by Sandman, but its first in Ireland.
Founded in 1967 Sandman is Canada’s largest family and privately-owned hospitality firm.
Along with Portmarnock, it has three properties in the UK, with the remainder in Canada and US.
Sandman’s is headquartered in Vancouver alongside parent Northland Properties.