Saturday 21 October 2017

One of Ireland's top hotel resorts Carton House hits the market for €60m

Carton House, Kildare
Carton House, Kildare
Ronald Quinlan

Ronald Quinlan

The luxurious Carton House Hotel, Spa and Golf Resort in Kildare has gone on the market with a guide price of €60m.

Hotel operators and investors from both at home and abroad are expected to submit competing bids for the property, which is widely acknowledged as being Ireland's most prestigious and profitable resort destination.

While the original Carton Demesne dates to the 11th century, the 668-acre estate's centrepiece is its 18th-century Palladian mansion, which served originally as the country seat of the Dukes of Leinster.

The property has hosted numerous important visitors in its time, including, most notably, Queen Victoria in 1849.

The hotel and resort now being offered for sale by CBRE and Savills is the result of seven years of painstaking and sensitive restoration engaged in by its current owners, the Mallaghan family, and their development partners between 1999 and 2006.

Leaving aside its luxurious accommodation and dining facilities, the estate boasts two 18-hole championship golf courses designed by two-time major winner Mark O'Meara and Ryder Cup legend Colin Montgomerie.

Jonathan Sexton of British and Irish Lions alongside team-mates Sean O'Brien, left, and Rhys Webb during squad training at Carton House in Maynooth, Co Kildare. Photo: SPORTSFILE
Jonathan Sexton of British and Irish Lions alongside team-mates Sean O'Brien, left, and Rhys Webb during squad training at Carton House in Maynooth, Co Kildare. Photo: SPORTSFILE

In more recent years, the Carton House resort has earned a reputation as Ireland's high-performance sports training camp of choice, and is used regularly by the Irish rugby team and most recently by the 2017 British & Irish Lions. The hotel's soccer facilities have been used in the past by numerous world-famous football clubs, including Real Madrid and AC Milan.

The Carton House resort is being sold as a going concern into a thriving hotel market, which has seen Dublin outperforming the major European capital cities since 2013. Indeed, Dublin hotel RevPAR (revenue per available room) was up 15.3pc in 2016 and is forecast to grow by 6.7pc this year.

Carton House
Carton House
Real Madrid's Christiano Ronaldo arrives at Carton House in Maynooth. Photo: Damien Eagers
Real Madrid's Christiano Ronaldo arrives at Carton House in Maynooth. Photo: Damien Eagers

Irish Independent

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