Hotel fetched €900,000
BELLINGHAM CASTLE WILL BE EXCLUSIVE WEDDING VENUE
Published 09/01/2013 | 10:37
THE ICONIC Bellingham Castle hotel which was acquired last month by the owners of the prestigious Cabra Castle was sold for €900,000, it has been revealed and already, the new owners have weddings booked this year that will take place in the newly revamped venue.
The landmark 17 century castle, located about seven miles from Dundalk, had been on the market in 2008 with an asking price of €6.75 million. According to the Irish Times, the 21-bedroom hotel, which remains closed, was sold privately though the Keenan family after they were approached by the Cavan-based castle owners, the Corscaddens.
According to Howard Corscadden, a €4 million refurbishment investment is under way and it is expected to re-open in July as a 22-bed four-star boutique hotel. The new owner said that Bellingham – formerly a popular wedding venue – has three weddings booked for 2013, beginning in August, and a tour series has been scheduled for next year by US operator ' Shades of Ireland'.
The Corscadden family, who also run Ballyseede Castle, Co Kerry, have carved a niche in the boutique castle-hotel market. According to Mr Corscadden they saw an opportunity to buy Bellingham during the recession.
They bought Cabra Castle during the last recession in 1991 and expanded the accommodation from 20 bedrooms to 106 bedrooms, focusing mainly on weddings and tour offerings. Bellingham Castle will be run by Patrick Corscadden.