Hotel group iNua Hospitality has completed a €40m fundraising.

The privately-owned group, part of the iNua Partnership that also owns the Ditchley healthcare investment vehicle, owns and operates seven hotels around Ireland.

They include the Muckross Park Hotel in Killarney, Co Kerry, which was acquired in 2015 by iNua for more than €6m.

The hotel had previously been owned by businessman Bill Cullen and his partner, Jackie Lavin.