Wednesday 26 October 2016

Two Connacht hotels to be had for an estimated €8m

Published 22/10/2015 | 02:30

Lough Rynn Castle in Leitrim is on the market for €3.5m
Lough Rynn Castle in Leitrim is on the market for €3.5m

Two of Ireland's top "castle" hotels have been brought to the market as a going concern by Savills on behalf of the Hanly Group.

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Kilronan Castle in Co Roscommon is on the market for €4.5m while Lough Rynn Castle in Co Leitrim is guiding €3.5m.

According to Savills, the sales are a "rare opportunity to acquire two profitable hotels stepped in history".

Located within 40km of each other, the properties were comprehensively restored by the Hanly group.

Kilronan Castle is a full service four star hotel with 84 impressive bedrooms, set upon a 40 acre estate. It is located on the edge of the scenic Lough Meelagh a short drive from Sligo. The Douglas Hyde Restaurant provides a "memorable" dining experience with both the Dungeon Bar and Drawing Room Bar providing impressive views of the neighbouring Lough Meelagh.

Other amenities include a fully equipped gym, swimming pool and spa.

Kilronan has established itself as a highly popular wedding venue and the contemporary conference & banqueting facilities are capable of accommodating up to 400 guests. Some 43 holiday homes which are a short distance from the main hotel also form part of the sale properties.

Lough Rynn Castle, nestled between Lough Rynn and Lough Errew, is a 44 bedroom, four star hotel situated on a 300 acre lakeside estate.

There are 11 bedrooms in the main house, 17 in the stable area and 16 in the adjacent eastern range. The Sandstone restaurant and cocktail bar allow guests to enjoy the lavish surroundings and views of the manicured gardens.

Lough Rynn Castle also has a modern conference and banqueting facilities with the grand ballroom offering floor to ceiling height windows overlooking woodland.

A highly regarded wedding venue, it has hosted numerous illustrious occasions. It is perhaps best known however for being the site for Brian O'Driscoll and Amy Huberman's wedding in 2010. That wedding made headlines around the world at the time and saw the presence of some of the biggest names in sport takever the hotel for the event.

There are a number of original outbuildings which offer a purchaser options to increase room stock or further expand subject to planning. Sixteen holiday homes are also included as is 200 acres, once earmarked for golf course use, which wrap the fringes of Lake Errow.

Kilronan and Lough Rynn are offered for sale separately or together in one lot and trade is not affected.

Both properties are said to be trading very successfully and the agents say that the sale of the two together "offers a fantastic opportunity for a new owner to build on the already excellent reputation".

Tom Barrett, head of hotels & leisure at Savills commented: "We anticipate very strong interest for both Kilronan and Lough Rynn Castle.

"Viewing is highly recommended, it is the only way to really appreciate these unique, profitable hotels," Mr Barrett added.

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