Menu
02/10/2014
Portlaoise Hotel On Market For €1.5m
The Portlaoise Heritage Hotel is being put on the market at a price of €1.5m, according to Irish property consultants Savills.
Savills Hotels and Leisure are handling the sale of the hotel, which is located in Portlaoise town centre. The four-star property hosts 110 bedrooms, three restaurants, three bars and a nightclub.
Savills said:"The hotel sector in Ireland as a whole enjoyed much improved trading conditions last year largely driven by an increase in visitor numbers and a resurgent Irish brand. Based on half year figures this growth looks set to continue throughout 2014, with regional locations to benefit from improved local demand and increased visitors from overseas. In the period from January to August 2014, compared to last year, there were 9% more visitors from the UK, 13.4% from the US and 7.4% from other areas of Europe."
Tom Barrett of Savills added: "Portlaoise Heritage Hotel presents a significant opportunity to acquire a trading hotel with huge growth potential. The quantum of property relative to the guide price creates a very interesting proposition."
(IT/CD)
Savills Hotels and Leisure are handling the sale of the hotel, which is located in Portlaoise town centre. The four-star property hosts 110 bedrooms, three restaurants, three bars and a nightclub.
Savills said:"The hotel sector in Ireland as a whole enjoyed much improved trading conditions last year largely driven by an increase in visitor numbers and a resurgent Irish brand. Based on half year figures this growth looks set to continue throughout 2014, with regional locations to benefit from improved local demand and increased visitors from overseas. In the period from January to August 2014, compared to last year, there were 9% more visitors from the UK, 13.4% from the US and 7.4% from other areas of Europe."
Tom Barrett of Savills added: "Portlaoise Heritage Hotel presents a significant opportunity to acquire a trading hotel with huge growth potential. The quantum of property relative to the guide price creates a very interesting proposition."
(IT/CD)
Related Irish News Stories
Click here for the latest headlines.
02 April 2025
McKeever Hotel Group Acquires Armagh City Hotel
The McKeever Hotel Group has announced its acquisition of the Armagh City Hotel from its previous owners, Kieran McAnallan, Felix Mooney, Brian McCormack, and Ernie Fisher. The sum involved in the transaction has not been disclosed.
McKeever Hotel Group Acquires Armagh City Hotel
The McKeever Hotel Group has announced its acquisition of the Armagh City Hotel from its previous owners, Kieran McAnallan, Felix Mooney, Brian McCormack, and Ernie Fisher. The sum involved in the transaction has not been disclosed.
02 September 2016
Hotel Industry Must Moderate Prices - Labour
The hotel industry must moderate prices or face the loss of the special concession it has enjoyed since 2011, Labour Spokesperson for Urban Regeneration, Joe Costello, has said. Deputy Costello highlighted a recent study by Accounting and Advisory firm Crowe and Howarth, revealed a 30% rise in profits per hotel room across the country in 2015.
Hotel Industry Must Moderate Prices - Labour
The hotel industry must moderate prices or face the loss of the special concession it has enjoyed since 2011, Labour Spokesperson for Urban Regeneration, Joe Costello, has said. Deputy Costello highlighted a recent study by Accounting and Advisory firm Crowe and Howarth, revealed a 30% rise in profits per hotel room across the country in 2015.
10 April 2015
Dublin Flats To Be Refurbished For Homeless Families
Up to 400 homeless families are to be housed in Dublin flats, previously marked for demolition. Dublin City Council (DCC) has announced a plan to refurbish O'Devany Gardens in north Dublin, following approval of €4.72 million in government funding.
Dublin Flats To Be Refurbished For Homeless Families
Up to 400 homeless families are to be housed in Dublin flats, previously marked for demolition. Dublin City Council (DCC) has announced a plan to refurbish O'Devany Gardens in north Dublin, following approval of €4.72 million in government funding.
29 August 2014
'Dangerous' Equipment Stolen In Dundalk
Gardaí have issued a warning after "dangerous" equipment was stolen from a van in Co Louth earlier this week. It is understood a "handheld x-ray fluorescent metal analyser" was taken from a van that was at the Crowne Plaza Hotel car park in Dundalk. The item was stolen at some stage between 10pm on Wednesday and 9am on Thursday.
'Dangerous' Equipment Stolen In Dundalk
Gardaí have issued a warning after "dangerous" equipment was stolen from a van in Co Louth earlier this week. It is understood a "handheld x-ray fluorescent metal analyser" was taken from a van that was at the Crowne Plaza Hotel car park in Dundalk. The item was stolen at some stage between 10pm on Wednesday and 9am on Thursday.
04 September 2012
Man Dies In Shooting Incident
A 21-year-old man who was shot in Bunratty, Co Clare, died yesterday in hospital. Two men are still being questioned over the attack at the Bunratty Castle Hotel car park, and are being detained at Mayfield and Gurranabraher Garda Stations.
Man Dies In Shooting Incident
A 21-year-old man who was shot in Bunratty, Co Clare, died yesterday in hospital. Two men are still being questioned over the attack at the Bunratty Castle Hotel car park, and are being detained at Mayfield and Gurranabraher Garda Stations.
-
Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
