The Clarion Hotel Sligo on the Market for €7m
The 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 well-established and profitable 4 star hotel has been in operation since 2005 and is strategically located in Sligo town. It is one of the most recognisable hotels in the North-West region and features extensive conference facilities, restaurants, bar and a health & leisure club.
The landmark building, consisting of 162 generous bedrooms, dates from 1848 and boasts an impressive façade & grounds. The hotel also features a range of food and beverage offerings such as Synergy Restaurant, Kudos Restaurant and Savour Lounge. It is also a popular wedding venue with capacity for up to 350 guests.
The Health and fitness club, with approx. 800 members, provides state of the art facilities, including fully equipped gym, 20m heated indoor swimming pool, sauna & steam room, jacuzzi, aerobics & fitness studio, spacious changing rooms and ‘essence spa’. The hotel is highly regarded and has shown consistent growth in trade providing a strong platform for a potential purchaser.
The Clarion Hotel Sligo is 140km from Galway city and approximately 215 km from both Dublin & Limerick. Major employers in the town include the Department of Social Community and Family Affairs, Abbott Laboratories, Sligo County Council & Town Borough, the HSE and Sligo General Hospital. The 130 acre Sligo Business & Technology Park accommodates a range of businesses in both international services and manufacturing sectors.
The town has two third level institutions – Sligo Institute of Technology and St. Angelas College. The region itself 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.
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”.