FBD Hotels & Resorts To Acquire 5 Star Heritage Hotel

Luxurious 5 star hotel overlooking renowned Seve Ballesteros Golf Course

Dublin, December 2018 – CBRE Hotels confirmed the sale of The Heritage Hotel Killenard, Co. Laois. The hotel was offered for sale earlier this year with a guide price of €9m.

The Heritage Hotel is superbly located in the tranquility of beautiful countryside but also offers optimum convenience to Dublin city and international airports at Dublin, Shannon and Cork. The hotel is strategically located off the M7 Motorway linking it to the cities of Cork and Dublin. Dublin is only an hour’s drive and the hotel is easily reached for northern and southern visitors via the M50.

The property is a luxurious 5 star hotel in superb parkland setting which overlooks the renowned Seve Ballesteros Championship Golf Course. This highly regarded hotel has been maintained to the highest standards since its construction in 2004. Facilities include 98 superbly appointed bedrooms which include 3 magnificent penthouse suites, 10 spacious junior suites and 85 deluxe guest bedrooms.

The hotel also includes the Arlington Room Restaurant, The Slieve Bloom Bar, extensive wedding conference and banqueting facilities, bespoke business center with 6 meeting rooms, a 50 seater auditorium/cinema. The hotel has established itself as a popular wedding venue in a strategically situated midland location and easily accessible from many populated areas of the country. The venue hosted over 60 weddings last year.

The Heritage Hotel also includes the Heritage Hotel Spa – regarded as one of the top Spas in Ireland - offers tranquility in a contemporary and luxurious setting with 20 treatment rooms including Pedi Spa, Hydro Bath Mud Chambers, Hamam and the Heritage Spa Experience. Located next to the Spa is the Heritage Health Club with extensive leisure facilities including a dedicated Gym & Fitness studio, a 15 metre leisure pool, Jacuzzi, saunas, steam rooms and changing rooms.

The hotel is being sold by US based investors Adrian Carmack and Robert Wright. Mr Carmack is a co-founder of the firm that created the ground-breaking game franchises Doom and Quake.

The hotel is being acquired by FBD Hotels & Resorts, a leading Irish hotel and property group operating four hotels/resorts in Ireland and Spain. The company owns four-star hotels and resorts in Waterford, Dublin, and Costa Del Sol, Spain.

Commenting on the purchase, CEO of FBD Hotels & Resorts, David Kelly said: "We are delighted to add the Heritage Hotel and Spa to our collection. We look forward to working with The Heritage Hotel and Spa team to further enhance its position of quality and excellence."

John Hughes, Director, CBRE Hotels
The sale of The Heritage Hotel represents one of the best opportunities in many years to acquire a purpose built, well established, quality hotel in the heart of Ireland and especially one which has enormous potential. The hotel offers a number of unique selling points and facilities that allow for future business growth. The sale of the Heritage Hotel & Spa generated interest from Irish and international hoteliers and investors.
John Hughes, Director, CBRE Hotels
About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie