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Ashford Castle for sale at €25m

ONE of Ireland's best known five-star hotels Ashford Castle is going under the hammer again.

The hotel, which is trading successfully, was placed into receivership and goes on sale today.

Estate agents Savills are looking for offers in the region of €25m for the historical resort in Cong, Co Mayo.

The hotel was purchased in 2007 by property developer Gerry Barrett for €50m. Luke Charleton and David Hughes of Ernst Young were appointed as joint receivers in November 2011 by Bank of Scotland (Ireland).

It is expected that the estate will be bought by a group of international investors rather than one of the big hotel chains.

The castle, which was founded over 800 years ago, has a total of 83 bedrooms including six suites. It has been trading as a hotel since 1939 and has welcomed a long line of celebrities including Oscar Wilde, Princess Grace, Brad Pitt and Pierce Brosnan.