Clonmel Park Hotel, Poppyfield Retail Park, Clonmel, Co.Tipperary for Sale Exclusively by JLL
On behalf of the Poppyfield Hotel Consortium, JLL has been appointed as exclusive selling agents for the high quality and modern four star Clonmel Park Hotel, which is situated in a highly accessible location in Clonmel, County Tipperary’s largest town.
Offered for sale with effective freehold title and subject to an occupational lease with a leading national hotel operator, this 99 guestroom hotel boasts an established trading history, a well invested full service offering and exciting upside potential.
The Clonmel Park Hotel also includes state-of-the-art conference and banqueting facilities, The Wheat Bar & Bistro, Howard’s Restaurant and a large and popular leisure centre and ECO SPA, which includes a fully equipped gym, 20 metre heated indoor swimming pool, sauna, steam room, Jacuzzi, treatment rooms and fitness studios.
Dan O’Connor, Senior Vice President, JLL Hotels & Hospitality Group commented: “The Clonmel Park Hotel is a high-quality hotel investment and the sale is expected to attract substantial buyer interest. With provincial Irish hotel market RevPAR growing by +11% last year, and a rent review upcoming in 2018, this leased investment opportunity offers very strong rental growth potential”.
Offered for sale at a guide price of excess €4.8 million, viewing of the Clonmel Park Hotel is strictly by appointment through JLL.