Five Star Heritage Hotel Sold
Published on Sep 4 2014 2:33 PM in Hotel
The five star Heritage Hotel in Killenard, Laois has been sold to a US based investor by CBRE.
According to the Irish Independent, the hotel was offered for sale on the instructions of the receiver.
The hotel, which was built in 2004, is located just off the N7 and comes complete with a golf course designed by Seve Ballesteros. The hotel has 98 bedrooms in total, a restaurant, bar, wedding, conference and banqueting facilities, a business centre and a 50 seater auditorium and cinema.
The exact sales figure was not revealed but it is believed to be "considerably" more than the guide price of €5.5 million.
CBRE has said that the investor has engaged hotel specialists to operate the hotel.