Monday 23 October 2017

Thurles hotels are launched on market

The Hayes Hotel on Liberty Square in Thurles, Co Tipperary is the site of the foundation of the GAA in 1884.
The Hayes Hotel on Liberty Square in Thurles, Co Tipperary is the site of the foundation of the GAA in 1884.

Peter Flanagan Commercial Property Editor

THE Anner Hotel in Thurles has been put up for sale with a price tag of €1.1m.

Savills Commercial Cork have been appointed by KPMG receivers Padraic Monaghan and Kieran Wallace to offload the hotel, one of the best known in Tipperary.

The property trades as a three star hotel and was established some 50 years ago.

The hotel features 95 bedrooms, bar, restaurant, private dining room, air-conditioned conference and banqueting facilities and a leisure centre.

The hotel has seven conference rooms and the main function room has capacity for 250 guests.

The leisure centre opened in 1998 and has an 18m swimming pool, jacuzzi and sauna.

The hotel occupies a two acre site fronting the Dublin Road on the eastern edge of the town centre. Savills said the site has "beautifully laid out gardens which are ideal for weddings and outdoor events".

"This is the only hotel in Thurles with a bedroom offering, it has a loyal customer base and represents an excellent opportunity to acquire a hotel with vast potential to grow business," said Denis O'Donoghue of Savills Commercial Cork. Tenders are due by February 15.

Nearby, CBRE Hotels have launched the hotel that was the venue for the foundation of the GAA with a guide price of €750,000.

The Hayes Hotel in Liberty Square is also being put on the market on the instructions of receivers Monaghan and Wallace.

In November 1884, Michael Cusack convened the first meeting of the Gaelic Athletic Association for the Preservation and Cultivation of National Pastimes. Maurice Davin was elected president and it was agreed that Archbishop Croke, Charles Stewart Parnell and Michael Davitt would be asked to become patrons.

Hayes Hotel comprises an extensive three storey town centre business together with an adjoining three storey vacant building which was acquired with the intention of expanding the hotel facilities.

The hotel has 30 en suite bedrooms and a spacious lounge bar, designed with a mezzanine lounge and fitted in traditional style.

The first floor of the hotel includes a meeting room overlooking Liberty Square.

The property has two self-contained nightclubs that have a combined capacity of 1,050.

The Factory Night Club, with a capacity of 350 people over two levels, is self-contained with 2 bars on ground level and one at mezzanine level.

The Icon Club, with a capacity for 700 people, has two bars and access to a rear smoking area. The hotel also benefits from its own private car park.

"The sale of the Hayes Hotel represents an opportunity to acquire an historic landmark hotel which offers a number of revenue streams and which has excellent business potential" said John Hughes of CBRE Hotels.

Irish Independent

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