Industry & Business

The Clarion Hotel Sligo on the market for €7m

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The Clarion Hotel Sligo on the market for €7m

October 29
12:05 2015

clarion sligo hotelThe Clarion Hotel Sligo has been brought to the market by Savills on behalf of Receiver, Aiden Murphy of Crowe Howarth, with a guide price of €7m.

The 4 star hotel has been in operation since 2005 and was placed in receivership in 2012.

It is one of the most recognisable hotels in the North-West region and dates from 1848 with an impressive façade & grounds.

The hotel, which consists of 162 bedrooms, has shown consistent growth in trade providing a strong platform for a potential purchaser.

Dalata chief executive, Pat McCann, said he expected the business would prove attractive to a number of suitors and expressed his interest in the hotel which is currently managed but not owned by Dalata.

Earlier this month, Dalata bought the Clarion Hotel in Cork for €35.1m in a record deal for the Cork market.

Tom Barrett, Head of Hotels & Leisure at Savills said “The Clarion Hotel Sligo is one of the largest and most profitable hotels in the North-West of Ireland. The hotel will attract serious interest from both Irish and international hoteliers. The property is available free from the current management agreement and represents a rare opportunity to acquire a unique landmark property and highly profitable trading hotel”.

The location is a popular holiday destination offering a large number of outdoor activities and attractions owing to its surroundings; scenic beaches, inspiring natural terrain such as Benbulben & Knocknarea Mountains, and the popular Wild Atlantic Way coastal route which passes through Sligo.

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