Irish luxury spa on market with EUR 10m guide price

International real estate advisor Savills has been appointed to sell the Parknasilla Resort and Spa in County Kerry on behalf of insolvency specialist Grant Thornton.

The four-star freehold property extends across 202 hectares and is on the market for sale by private treaty at a guide price of EUR 10 mln.

The hotel, which is surrounded by spectacular mountain and coastal scenery, is located near the major tourist destinations of Killarney and Kenmare.

It comprises 83 bedrooms, 24 self-catering two-bedroom lodges and 38 self-catering three-bedroom villas located in the wooded estate. There is a restaurant with capacity for 180 patrons as well as a bistro and bar.

The asset also includes a 12-hole golf course and luxury spa which incorporates 13 treatment rooms, a swimming pool, an outdoor hot tub, a thermal spa and gym.

Parknasilla opened as a Railway Hotel in 1895. Down through the years its guest list has included Irish playwright George Bernard Shaw, French President Charles de Gaulle and Princess Grace and Prince Rainier of Monaco.

Tifco Hotels has managed the resort since July 2010 although the property can be acquired free of the management contract.

Tom Barrett, head of hotels & leisure at Savills Ireland: 'Parknasilla presents a great opportunity for an investor to acquire an internationally recognised hotel located on one of Ireland’s major tourist attractions, the Ring of Kerry. The luxury resort is located on the spectacular Kerry coast with an extensive shoreline onto Kenmare Bay and an impressive mountain backdrop.'