Tipperary's Cashel Palace Hotel – one of the county's most historically and architecturally significant buildings - has been sold for €2.25 million.
The hotel ceased trading last year at the cost of 32 full- and part-time positions. It was placed on the market as a hotel investment or as a luxury private residence.
CBRE agent John Hughes, who managed the sale, told the Irish Independent: "The sale of Cashel Palace Hotel offers an exceptional opportunity to acquire a magnificent and historic property with the ability to re-establish a boutique hotel business.
"The elegant and architecturally rich hotel occupies a unique trading location at the foot of one of Ireland's most popular tourist attractions - The Rock of Cashel - which attracts over 270,000 visitors annually."
The Cashel Palace Hotel is a distinctive red-brick Queen Anne style building, which was built for the early 18th-century Protestant Archbishop of Cashel, Theophilus Bolton, by the great architect Sir Edward Lovett Pearse (the mind behind the Houses of Parliament in Dublin’s College Green). It has hosted a number of famous guests over the years including Ronald Reagan, Princess Diana and Elizabeth Taylor.
