Hazel Hotel reserve now quoted at €450k
Published 27/04/2011 | 05:00
A disclosed reserve of €450,000 is now being quoted for The Hazel Hotel in Monasterevin, which will go for auction on May 11. The reserve is only about one third of the €1.25m price that was guided by agent Matt Dune when he brought it to the market five months ago. In the meantime he had agreed a deal to sell it for €750,000 but the deal didn't complete.
Located on a four-acre site at the edge of the Co Kildare town, the hotel has 25 en suite bedrooms and a 250-space car park. With a ballroom capacity for 1,000 people, it was synonymous with big-band dancing for the past 25 years. With its pivotal location near the M7, it was also popular for weddings and meetings and can cater for large and small numbers in its multi function rooms. The hotel has a complete inventory valued at €250,000 and is ready to go.