Former Dubs star nets a share in Celbridge hotel
Published 27/06/2013 | 05:00
FORMER Dublin footballer Bernard Brogan Snr is among a group of business people who have purchased the Setanta House Hotel in Celbridge, Co Kildare. The price has not been disclosed but it is believed to be more than €1.25m.
The hotel was sold on behalf of George Maloney of Baker Tilly RG, receiver to Connotes Ltd, and has been closed for about 18 months.
Agent John P Younge handled the sale.
Others involved in the acquisition team are Jeff Leo Brogan and The Castle Hotel Group whose properties include The Castle Hotel on Great Denmark Street, Dublin 1. Bernard Brogan Snr is the father of Dublin footballers Bernard and Alan Brogan.
Set on a 6.5-acre site, the 7,432sqm Setanta House Hotel comes with 66 bedrooms, extensive banqueting and conference rooms as well as a lounge bar, two large function rooms, public bar, restaurant, breakfast room, three conference rooms, night club and cocktail bar.
Its large site with attractive gardens offers parking for 325 cars and potential for further development.
The Castle Hotel Group's website says it also has student accommodation in Dublin City Centre, the Ballina Manor Hotel in Co Mayo, a four-star Scottish Hotel, self-catering holiday homes in Scotland, a hotel on the beach in North Wales.
Built originally in the 18th century, the Setanta building was a girls' school until the 1970s when it was remodelled and extended.
Period flourishes still remaining include five four-poster beds, providing a link to its colourful past.
With its six individually designed bedroom suites it was also a popular wedding venue.
In 2006, Connotes, headed by Sean McElvany had been expected to achieve over €14m from its sale but that price would have factored in the tax benefits of the significant capital allowances, totalling just under €7m.
Located on the edge of Celbridge Town, it is about 20km from Dublin and strategically positioned between the M4 and M7 routes.
The property was zoned to encourage a mix of residential and commercial uses and at one stage had planning permission for a leisure centre, incorporating a 25m swimming pool, which on completion would have capacity for up to 4,500 members.
The previous owner also planned an extra 51 self-catering residential units.
A number of housing schemes have been built in the surrounding area, which enjoys improved access to the M4/M50 via the Celbridge relief road right beside the hotel.
Irish IndependentFollow @Indobusiness