Saturday 20 January 2018

Supermacs founder closes deal to buy Killeshin Hotel in Laois

The Killeshin Hotel in Portlaise had been on the market as part of the “Crystal Collection” and was guiding €3m
The Killeshin Hotel in Portlaise had been on the market as part of the “Crystal Collection” and was guiding €3m
Peter Flanagan

Peter Flanagan

The man behind Supermacs has bought the Killeshin Hotel in Portlaoise .

Terms of the sale were not released but the hotel was on the market with an asking price in the region of €3m.

Businessman Pat McDonagh, whop is best known for setting up Supermacs fast food chain, won the race for the hotel, which was being sold on the instructions of receiver Gearoid Costelloe of Grant Thornton.

The Killeshin Hotel, which was being marketed by CBRE, is said to be well located on the Dublin Road, approximately 2.6 km east of Portlaoise town centre.

The four star hotel reopened in May 2007. Rebuilt to a high standard, CBRE say it comprises 87 bedrooms, extensive conference and banqueting facilities, leisure centre, restaurant and bar.

The four storey over basement hotel extends to a total floor area of approximately 95,896 sq ft.

All 87 bedrooms are "contemporary" in style and generous in size, with a number of room types including double, twin and family occupancy.

The hotel provides an extensive food and beverage offering, the agents say, with the Cedaroom Bar and Restaurant.

There is also a conference centre on the first floor. The hotel has 7,900 sq ft of meeting space comprising the Walnut Suite as well as 11 state of the art meeting rooms and a dedicated Business Lounge.

A leisure centre is located on the ground floor of the hotel, Zest Health and Leisure Centre provides an extensive gymnasium, aerobics studio, 18 metre swimming pool, Jacuzzi, steam room and sauna.

There is also said to be "ample" surface and basement car parking with 196 car park spaces.

John Hughes of CBRE Hotels commented: "The Killeshin Hotel generated keen interest from national and international buyers and confirms the level of interest in provincial hotels in Ireland"

Sunday Indo Business

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