The Park Hotel Kenmare and the Lansdowne Kenmare are being sold.
Details
According to The Irish Times, the two properties are being sold via CBRE commercial property services and investments, either individually or together, with a €20.5 million combined guide price.
As noted by The Irish Times, the Park Hotel Kenmare includes 41 bedrooms and suites, five dining rooms, a spa, a swimming pool, an infinity pool and a private cinema, and the Lansdowne Kenmare includes 28 bedrooms.
Statements
The Irish Times quoted the hotels’ owners, brothers John and Francis Brennan, as saying, “After 37 years at the helm of the Park Hotel Kenmare, we have taken the decision to exit on a high and place the hotel, together with its sister property, the Lansdowne Kenmare, on the market. As you can imagine, it was not an easy or quick decision to make.
“The Park has enjoyed a wonderful life, making many people’s stay with us memorable, and, while only in its infancy, the Lansdowne Kenmare is following in its footsteps. Nothing is forever, and while we have invested heavily in recent years to ensure both properties are pristine, we feel the time is right to take some time to ourselves, pursue other interests and business opportunities.”
The Irish Times also quoted CBRE’s executive director and head of hotels for Ireland, Paul Collins, as saying, “We are honoured to be appointed to sell these two hotel gems. The sale offers purchasers the opportunity to acquire the two hotels as a single lot and benefit from the economies of scale, or they can be purchased individually. The hotels are trading exceptionally well, and there is the potential for further development adjacent to both properties, subject to obtaining planning permission.”
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