The Clarion Hotel Limerick has been placed on the market with a guide price of €3.5 million.
Savills has been appointed as exclusive selling agents for the property, which it describes as being at "prime waterfront position on the banks of the River Shannon".
According to the Irish Independent, Savills was appointed to sell the hotel on instruction of the receiver KPMG. It is being sold by private treaty with existing occupational leases.
The Clarion Limerick, which opened in 2002, is the tallest hotel in Ireland at 17 floors. It comprises 158 bedrooms as well as the Kudos bar, Sinergie restaurant, conference facilities and a gym.
It is the third Clarion brand hotel to come on to the market in recent months. Dalata purchased the Clarion in Cork last month for €35 million. and are reported to be interested in purchasing the Sligo Clarion, which was placed on the market for €7 million last week.