CBRE Hotels Appointed To Sell Adare Manor Hotel & Golf Resort
CBRE Hotels Appointed To Sell Adare Manor Hotel & Golf Resort – Internationally Renowned 5 Star Resort On 310 Ha (766 Acres)
September 2014 – CBRE Hotels are pleased to confirm their exclusive appointment to offer one of Irelands most luxurious and historic manor hotel and golf resorts for sale as a going concern.
Adare Manor Hotel & Golf Resort is an exceptional hospitality experience situated in the picturesque village of Adare Co Limerick and only a 30 minute drive from Shannon International Airport. The resort is strategically located at the gateway to the south west and the spectacular coastal and mountain scenery of County Kerry. With improved transport and road network the resort is accessible from Dublin, Belfast, Cork and Galway.
The sale of Adare Manor Hotel & Golf Resort offers an extraordinary opportunity to acquire an internationally known hotel and highly regarded golf course designed by legendary Robert Trent Jones Senior and for many years voted No. 1 Parkland Course in Ireland by Golf Digest Ireland Magazine.
Adare Manor, steeped in history, is a magnificent stately manor designed by architect James Pain in 1830 as a residence for the Earl of Dunraven. In 1987 the property was acquired by Tom and Judy Kane who sympathetically restored the manor and created a superb hotel experience including 62 elegant guest bedrooms.
The property design is inspired by famous Irish and English Rooms visited and admired by the Dunravens. The many features of the property include 52 chimneys to commerate each week of the year, 75 fireplaces and 365 leaded glass windows. The elaborate decoration is a credit to the craftsmen of the 1800’s with arches, gargoyles, bay windows and wood craft. One of the most renowned interiors is the Minstrels Gallery, a 132 foot long room inspired by the Hall of Mirrors in Versailles.
Adare Manor Hotel includes 62 bedrooms and suites offering a variety of accommodation styles. The luxuriously appointed rooms are spacious and tastefully furnished and range from 24sq.m to 65sq.m. The feature bedrooms include Lady Caroline’s Room, Dunraven Stateroom, Manor Staterooms together with Deluxe and Classic bedrooms.
The grounds surrounding the hotel include sweeping parkland, cultivated gardens, formal French gardens, magnificent mature trees and the Maigue River.
Key features of Adare Manor Hotel & Golf Resort include:
-Highly desirable business and trophy asset located in the picturesque village of Adare
-Feature manor house sympathetically restored and extended to create 62 bedroom luxury hotel accommodation
-Award winning resort including – Ireland’s Leading Hotel of The World Travel Awards 2010, 2011 and 2012
-Voted “Best Resort Hotel in Ireland” by The Irish National Hospitality Awards November 2009
-Highly regarded 18 hole championship golf course designed by Robert Trent Jones, Senior
-Hosted the Irish Open (2007 & 2008) and home to the JP McManus Invitational Pro-Am (2005 & 2010) attracting the world’s top international golfers
-Golf Club House with thriving food and beverage business
-Resort on 766 acres with a beautiful riverside setting
-Considerable potential to grow business particularly from the North American and Asian markets
-Development potential with full planning permission for extensive development
-Planning granted on surplus lands for a private hospital (21,000sq m), nursing home and 133 houses
Adare Manor occupies lands extending to 766 acres of parkland on the banks of the Maigue River which offer superb development possibilities.
The hotel is being offered in the following lots:
Lot 1 The Entire on 310 ha. (766acres)
Lot 2 Adare Manor & Golf Resort on 206 ha. (509 acres)
Lot 3 Agricultural Development Land extending to 104 ha. (257 acres)
The sale of Adare Manor Hotel & Golf Resort offers an outstanding and unique opportunity to acquire a “Jewel in the Crown” asset which is internationally renowned. The highly profitable business is being offered as a going concern with the opportunity to further redevelop, brand and market the unique business.
Adare Manor Hotel & Golf Resort is being offered for sale by Private Treaty. CBRE Hotels are quoting a guideline price of €25m to €27m for the entire property.
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About CBRE Group, Inc.
CBRE Group, Inc. ((NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 130 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie./ni