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Druid's Glen Resort Hits The Market For €45m

Published on Aug 29 2018 10:44 AM in Hotel tagged: Trending Posts / Druids Glen

Druid's Glen Resort Hits The Market For €45m

Co. Wicklow's five-star Druids Glen hotel and golf resort has hit the market with a guide price of €45 million.

As reported by The Irish Independent, the 349-acre resort, which features a 145-bedroom hotel, two golf courses, and a spa and health club, is owned by three Irish families - the Lappins, the Hurleys and the Flinns.

Strong Business Growth

According to Druids Glen CEO Edward Stephenson, the business has "grown year on year and become one of Ireland's key destination resorts".

Stephenson asserted, "It is an integral part of the local community and caters for over 130,000 visitors every year. All aspects of the business have performed very well in recent years and this strong performance is reflected in 2017 revenues rising by 6pc, profits growing by 21pc and business in 2018 showing strong growth. Forecasted revpar (revenue per available room) is at €111."

The sale of the resort is being handled by Savills and it is expected to attract interest from both domestic and international buyers.

© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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