Co Donegal hotel Harvey's Point is to be sold by hoteliers Deirdre McGlone and Marc Gysling to a fund managed by Davy Real Estate.
The four star hotel, on the lakes of Lough Eske and 6km from Donegal town, has been owned by the husband and wife team for the past 30 years.
The fund has significant interests in a number of hotels in Ireland and intends to continue to invest in the hotel.
Tom Barrett of Savills has managed the off-market sale of the hotel on behalf of Marc Gysling and Deirdre McGlone.
Harvey's Point has a team of more than 150 people and is one of the biggest employers in the region.
Marc Gysling said that the hotel's new owner is highly experienced in the international luxury hotel and travel market and has exciting plans for the expansion of the hotel, working alongside the current experienced and loyal team.
"Led by General Manager Noel Cunningham and Financial Controller Michael Cullinan, the hotel will continue to aspire to the highest standards of excellence in hotel-keeping and hospitality," he added.