Hotel to test the West
The post crash value of blue chip Connemara tourism is to be tested by proxy with news that the Lisloughrey Lodge at Cong in Co Mayo is to be offered for sale through Savills guiding €2.5m.
The sale follows the disposal of the nearby Ashford Castle for €20m by the same agents earlier in the year.
The sale of the four star Victorian hotel complex in an area which is traditionally popular with Americans in particular, will determine if demand has improved in the west since the Ashford sale.
The hotel is being sold on the instructions of Kieran Wallace of KPMG who is acting for Ulster Bank. Dating from 1865, the home of the Ashford Castle Estate Manager was acquired by a consortium headed up by Niall McFadden and converted into a hotel by 2005 with a spend believed to have been circa €10m.
Unfortunately it opened at just the wrong time. However it has gleaned a good deal of wedding and function business locally.
The hotel is located at Cong on the cusp of Connemara and on the shore of Lough Corrib. It is less than an hour's drive from Galway (44km) an hour from Knock (65km) and three hours from Dublin (254km).
The property comes with the Quay Bar, the Wilde's At The Lodge Restaurant and the Piano Gallery Room.
A block of 50 bedrooms (including 26 suites) is linked via a courtyard to the main building. It has function facilities including the Harbour Room which caters for 180 and can be split in two.
There's also The Library and the Boardroom to facilitate smaller events. There's a fitness/leisure centre, outdoor hot tub facilities and 10 acres of grounds.