International real estate advisor Savills has been appointed to sell Ashford Castle by receivers Ernst & Young. The historic, five-star resort hotel and estate is located in County Mayo, Ireland on the shores of Lough Corrib and the River Cong, and is on the market for a guide price of EUR 25 mln.
International real estate advisor Savills has been appointed to sell Ashford Castle by receivers Ernst & Young. The historic, five-star resort hotel and estate is located in County Mayo, Ireland on the shores of Lough Corrib and the River Cong, and is on the market for a guide price of EUR 25 mln.
The castle, which dates from the 13th century, comprises 83 bedrooms, a dining room, bar, drawing room, private dining rooms and a spa. Set within approximately 365 acres (147.7 hectares), the estate also includes magnificent gardens, a nine-hole golf course and offers activities such as riding, falconry, lake cruising and exceptional fishing on the Cong River and Lough Corrib.
The castle was a Guinness family home from 1855 until 1939, when it became a luxury hotel and is now a member of the exclusive Leading Hotels of the World affiliation group. The property is available free from management agreement, if required.
'Ashford Castle is the jewel in the crown of Irish hospitality, featuring among top tier hotels worldwide and is particularly favoured by guests from the US who made up more than half of visitors over the summer,' said Tom Barrett, head of hotels at Savills Ireland.
He added: 'The business trades exceptionally well, proven by its STR Global ranking in terms of average room rates and RevPAR, and enjoys very positive guest feedback and strong customer loyalty. It offers enormous opportunity to an investor.'
