Three hotels form part of Ireland’s first hotel portfolio sale for almost a decade. The sale comprises three hotels and 400 bedrooms in Cork City, Kilkenny City and Killarney locations. The hotels include The Malton Killarney, Kilkenny Ormonde Hotel and the Metropole Hotel Cork.
The Malton, Killarney (former Great Southern Hotel) is a four star hotel with 172 bedrooms set in twelve acres of gardens. The hotel has been trading for over 160 years. Facilities include restaurant, bar, lounge and wine cellar and conference and banqueting facilities. The leisure centre has a 15m swimming pool, gymnasium and spa.
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Kilkenny Ormonde Hotel is a four star hotel with 118 bedrooms in the heart of Kilkenny City. Facilities include O’Reilly’s Bar and Restaurant, Savour Restaurant, conference and banqueting facilities with 10 meeting rooms over two floors and a leisure centre with a 21m swimming pool, gymnasium and spa. The sale also includes the Ormonde Street Car Park with 712 car parking spaces over eight levels.
The Metropole, Cork is a three star hotel with 112 bedrooms located within Cork city centre overlooking the River Lee. The hotel dates from 1897. Facilities include the Met Bar, The Riverview Restaurant and Waterside Café. The hotel has conference and banqueting facilities, while the Leeside Leisure Centre includes a 20m swimming pool, gymnasium and aerobics studio.
Tom Barrett, Head of Hotels & Leisure Savills says: "This is the first portfolio of Irish hotels to be offered for sale in almost a decade. It is an excellent opportunity to acquire three highly regarded and profitable hotels and is a unique opportunity for both existing hotel owners & operators and those seeking to enter the Irish hotel market for the first time. All hotels are trading very well and are generating significant profits. We expect considerable interest in this portfolio."
(IT/MH)
