Kanye West and Kim Kardashian's honeymoon destination Castlemartyr to go under the hammer
Published 03/06/2015 | 02:30
Kim Kardashian and Kanye West chose it for their honeymoon and now the five-star Castlemartyr Hotel and Resort in Cork is expected to fetch between €15m and €20m when it is formally put on the market today.
The hotel became one of the icons of the Celtic Tiger and subsequent crash when it was developed at an estimated cost of €70m but was in receivership barely two years after it opened.
The sale is being managed by Savills Ireland head of hotels Tom Barrett. It is expected to attract enormous interest from international buyers.
The resort consists of a 17th Century country manor house that sits adjacent to the ruins of an 800-year-old castle. The sale includes 19 Golf Lodges and one Mews House. It is being sold as a going concern and there will be no interruption to business or events booked.
The hotel opened in 2007 but shut its doors in 2008. It reopened a year later and has been operated by the same management firm that runs Dromoland Castle in Limerick.
Originally developed by John F Supple, it is being put up for sale on the instructions of Nama.