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Kinsale Hotel on the Market for €4.25 Million

Published on Feb 18 2015 9:57 AM in Hotel

Kinsale Hotel on the Market for €4.25 Million

The four star Carlton Hotel and Spa, just outside the town of Kinsale, Co. Cork, has been offered by receivers for a price of €4.25 million. The hotel has 70 bedrooms along with 19 holiday homes...

The four star Carlton Hotel and Spa, just outside the town of Kinsale, Co. Cork, has been offered by receivers for a price of €4.25 million.

The hotel has 70 bedrooms along with 19 holiday homes and made a profit of 500,000 in 2014, according to the Irish Times.

Developed at a cost of €25 million in 2006 by Cork-based consortium Gable Holdings, the hotel ran into trading difficulties and went into receivership in 2012.

However, it established a good recovery over the last two years, mainly due to its popularity as a wedding destination and a resurgence of the economy in tourist towns.

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