Get the app today! Download iPhone App Download Android App


Major Players Line Up Opening Bids For €60m Carton House Resort

Published on Sep 12 2017 10:49 AM in Hotel tagged: Featured Post / JP McManus / Spencer Hotel / Beacon Hotel / Adare Manor Hotel / Carton hotel / Glenlo Abbey

Major Players Line Up Opening Bids For €60m Carton House Resort

Opening bids are expected today (12 September) for Nama-backed sale of the four-star Carton House hotel and golf resort in Maynooth, Co. Kildare.

According to The Irish Times, Irish businessman JP McManus, who owns the soon-to-be-reopened five-star Adare Manor in Co. Limerick, could make a bid for the resort, while media and hotel billionaire John Malone and the Guinness heir Edward Iveagh are also said to be weighing up offers for the property, which as a guide price of €60 million.

A number of unnamed international players are also expect to submitted first-round bids for Carton this week.

John Malone's Irish hotel partnership with John Lally’s Lalco includes a hotel portfolio featuring the Westin and Intercontinental in Dublin and Glenlo Abbey in Co Galway, while last autumn three Dublin hotels - the Spencer Hotel in the IFSC, the Beacon Hotel in Sandyford and the Morgan Hotel in Temple Bar - were acquired by the partnership in a multi-million euro deal.

Carton House resort, which includes a 165-bedroom four-star hotel and two championship golf courses, is being sold on behalf of the Mallaghan and Kelly families by CBRE.


Share on Facebook Share on Twitter Share on LinkedIn Share via Email