Five-star Heritage Hotel back on the block for €9m
The five-star Heritage Hotel in Killenard, Co Laois is set to change hands again just over three years on from its acquisition by US investors.
This time round, the property is being offered to the market for a guide price in excess of €9m - or some €3.5m more than the €5.5m which had been sought when Adrian Carmack, a co-founder of the firm that created the game franchises Doom and Quake, and fellow investor, Robert Wright, bought it in 2014.
Located between the towns of Portlaoise and Portarlington in Co Laois, the Heritage Hotel enjoys the benefit of a superb parkland setting which overlooks the renowned Seve Ballesteros Championship Golf Course.
The hotel has been maintained to the highest standards since its construction in 2004. The property includes 98 well-appointed bedrooms, comprising three sumptuous penthouse suites, 10 spacious junior suites and 85 deluxe guest bedrooms. All guest accommodation has been finished and fitted to excellent five-star standards.
The hotel also includes the Arlington Room Restaurant, The Slieve Bloom Bar, extensive wedding conference and banqueting facilities, a bespoke business centre with six meeting rooms, and a 50-seater auditorium/cinema.
The hotel has established itself as a popular wedding venue in a strategically situated midland location and is easily accessible from numerous of the country's main population centres including Dublin and Cork. The venue hosted over 60 weddings last year.
The property also offers the Heritage Hotel Spa - regarded as one of the top spas in Ireland. This facility incorporates 20 treatment rooms including a pedi spa, hydro bath mud chambers, as well as the Hamam and Heritage Spa Experience. Located next to the Spa is the Heritage Health Club and its extensive leisure facilities which include a gym & fitness studio, a 15-metre leisure pool, jacuzzi, saunas, steam rooms and changing rooms.
The surrounding area offers the visitor stunning scenery in the Slieve Bloom Mountains, fishing in nearby rivers, and the opportunity for horse racing fans to attend events at the Curragh, Naas, Punchestown and Kilbeggan, all of which are within one hour's drive of the hotel.
It is also within a short drive of the hugely-popular Kildare Village shopping outlet.
In terms of its overall accessibility and convenience, the Heritage Hotel is well-located off the M7 motorway, which links it to the cities of Cork and Dublin. Dublin is just a one-hour drive away.
John Hughes, director of CBRE's hotel division, says: "The sale of The Heritage Hotel represents one of the best opportunities in a number of years to acquire a purpose-built, well-established, high-quality five-star hotel in the heart of Ireland and especially one which has enormous potential.
"The hotel offers a number of unique selling points and facilities that allow for future business growth".