A group of Aer Lingus pilots invest in Dublin's first all-suite hotel; Stephen's Hall Hotel and Jim Murphy is appointed General Manager.
The majority of pilots release their shares paving the way for a management buy out. Two of the original pilots, Peter Redden and Gerry McNulty join forces with Jim Murphy to establish PREM Group and Jim becomes Managing Director. The portfolio is expanded to incorporate serviced apartments in Dublin City Centre.
PREM Group partner with Choice Hotels creating a valuable link to a worldwide franchise and rebrand their properties under the Comfort Inn, Quality Hotel and Clarion Hotel brands.
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