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Real estate advisor CBRE has confirmed Park Hotel Kenmare and The Lansdowne Kenmare in Ireland are both for sale.
The hotels are in a prime location in the Heritage Town of Kenmare. They are offered for sale individually or together by Private Treaty with a combined guide price of €20.5m (£17.8m).
Park Hotel Kenmare is a five-star hotel in Ireland that is set in Kenmare, Co Kerry.
It features 41 rooms and suites, five dining venues, a Deluxe Destination Spa, 25m Lap Pool, infinity pool and private cinema.
In recent years, the hotel has benefitted from over €3m (£2.6m) of capital investment including the refurbishment of all bedrooms, corridors and a complete renovation of the ground floor public areas and kitchen.
The Lansdowne Kenmare is a 28-bedroom boutique hotel located in the heart of Kenmare. Originally built in 1790 as a residence for the 2nd Earl of Shelbourne, the heritage building is one of the oldest in the town.
The hotel underwent a complete refurbishment in 2021 which resulted in a four-star hotel accreditation and being invited to join the world-renowned Small Luxury Hotels of the World and Ireland`s Blue Book.
John Brennan and Francis Brennan – Park Hotel Kenmare and The Lansdowne Kenmare, said: “After 43 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 peoples 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.”
Paul Collins, executive director and head of Hotels Ireland, CBRE, who is handling the sale, added: “We are honoured to be appointed to sell these two hotel gems. Purchasers have 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.”
