London,
17
March
2016
|
13:38
Europe/London

CBRE HOTELS BRINGS TO THE MARKET THE LYRATH ESTATE HOTEL, IRELAND FOR OFFERS IN EXCESS OF €20 MILLION

CBRE Hotels is delighted to confirm their exclusive appointment to offer the Lyrath Estate Hotel, a leading Irish 5 star resort hotel located just 1.2 kms from the historic Kilkenny City in the heart of Ireland - to the market, for sale by private treaty for offers in excess of €20 million and as a going concern.

The luxurious 5 star award winning resort hotel was first developed in 2006 and is now one of Ireland’s most popular wedding & conference venues. The resort incorporates the magnificent 17th century Lyrath House and is located just outside historic Kilkenny City, in beautiful parkland setting extending to approximately 69 ha. Lyrath House has been carefully restored to its original grandeur and now sits perfectly with the more contemporary four storey purpose built hotel. Since opening in 2006, the Lyrath Resort has become one of the most popular wedding and function hotels in Ireland and has very substantial forward business on the books for both 2016 and 2017.

Dermot Curtin, Director, CBRE Hotels
This sale of the Lyrath Estate Hotel, Spa & Convention Centre offers the purchaser an outstanding opportunity to acquire one of the best known and most profitable resort hotels to come to the market in Ireland in recent times. Outside of Dublin city centre, Kilkenny is one of the country’s most sought after ‘hotel hotspots’ and the Lyrath Resort is without doubt, one of the most successful, full service, modern 5 star hotel operations in Ireland today."

"The successful purchaser will inherit an excellent and skillful team of highly motivated and expert hotel professionals, who have a tremendous record of achievement to date with this resort and, with a substantial number of weddings and events already on the books for the coming years, the future success of the Lyrath operation is guaranteed.
Dermot Curtin, Director, CBRE Hotels

CBRE Hotels are guiding “offers in excess of €20 million” for the entire estate, on approximately 69 ha.