independent

Friday 29 August 2014

€3m asking price tag on landmark Killarney hotel

Published 18/09/2013 | 17:17

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THE Quality Hotel in Killarney has been placed on the market with a €3m price tag.

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The sale will take place on the instruction of David Carson, Receiver, Deloitte and Suite Owners, Savills Hotels and Leisure have been appointed to sell the Quality Hotel & Suites, Killarney.

This is a three-star hotel and a very well-known landmark in Killarney. The property contains 188 bedrooms in total. The mix includes 128 bedrooms added in 2005, laid out in 64 suites with each having a spacious living room. In addition there are 60 standard bedrooms which link naturally to the suites.

Public areas include a spacious entrance lobby and lounge, two bars and a restaurant with 220 covers and a leisure centre. The leisure centre was extensively refurbished in the mid 2000s and is a strong selling feature for the business. It includes an 18 metre swimming pool, jacuzzi, sauna, steam room, wellness suites and a fully equipped gym.

The total site area is approx. seven acres and includes approx. 250 car parking spaces.

The hotel is in a pivotal location, fronting the N22 Cork – Killarney Road with direct access off the Park Road Roundabout. The northern relief road interconnects with the Park Road Roundabout giving easy access to the Tralee and Killorglin Roads, with the latter being on the world renowned Ring of Kerry tourist route. Killarney Town Centre is an easy 10-minute walk.

BDL Hotels have successfully managed the hotel since October 2012. The hotel has had an excellent year so far and is trading very profitably, the strong hotel trade is not impacted by the sale. The property is available free from this management agreement, if required and the Quality franchise is agreed on a flexible basis.

According to Denis O'Donoghue of Savills: "The Quality Hotel offers a rare opportunity to acquire an established and profitable hotel in the prime Killarney market.

"With guaranteed tourist business and a loyal customer base this is an exceptional opportunity for both owner operators and investors."

Kerryman

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