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Charleville Park Hotel On The Market

Published on Feb 20 2014 11:22 AM in Hotel

Charleville Park Hotel On The Market

Charleville Park Hotel, the only hotel in the North Cork town of Charleville, is up for sale. Property consultants Savills has been instructed to market the property with an asking price of €3.75m The 4-star hotel opened in 2008 and comprises 91 bedrooms, two bars, restaurant, conference and banqueting facilities, leisure centre and nightclub. Its large ballroom, with a capacity for 800 guests, is a popular venue for weddings and occasions.

The leisure centre, which opened in 2009, includes a 25 metre swimming pool and has approx.1,300 members. It is situated on a high profile site of approx. 5.7 acres fronting the N20 Cork / Limerick Road. Denis O’Donoghue of Savills said: “This hotel is in excellent condition and has a good mix of leisure and corporate business. It is trading profitably and is well positioned to capitalise on the strong recovery being experienced in the hotel sector at present.” The hotel market in Cork city grew considerably in 2013 with RevPAR growth of almost 10%, while Limerick city experienced RevPAR growth of 6.5% according to Trending.ie. BDL Ireland has successfully managed the hotel since May 2012 and the strong hotel trade is not impacted by the sale. The property is available free from the management agreement, if required.

© 2014 - Hospitality Ireland Magazine by Gordon Hunt

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