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.

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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”.