Hotel articles

Neville Buys Kilkenny Hotel

Kilkenny River Court Hotel has been sold for more than €9m. to Wexford-based hoteliers William Neville & Company.

The hotel went on the market last October for sale by private treaty. The property had expected to fetch in the region of €7.5m.

The hotel was a sister of the nearby Lyrath Estate Hotel under former owner Xavier McAuliffe. Kieran Wallace of KPMG was appointed as receiver over the business in July 2012.

The hotel is seen as having a "superb trading location" in the centre of the city. It was built from new and opened for business in June 1999 and has since established itself as "one of the most successful and profitable hotel operations in Ireland", said agents CBRE.

The Neville Group also owns  the Royal Marine in Dun Laoghaire and the Riverside Hotel in Enniscorthy.

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Hastings Profit Drop

Hastings Hotels Group has posted an 18 per cent drop in pre-tax profits to £2 million (€2.43 million).

The decline in profits  came in spite of the group increasing its revenues by 4 per cent from £37.59 million to £39.2 million in the 12 months to the end of October 31st last .

The figures show that the Merrion hotel outperformed the group last year with the joint venture share of the Merrion’s operating profit increasing marginally from £537,304 to £555,170.

Hastings owns 50 per cent of the Merrion hotel and the group’s revenues from its Merrion Hotel interest last year increased by 8.5 per cent from £6.62 million to £7.19 million.

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Jurys Inns Free Wi-Fi

Jurys Inn has announced that it is to offer free Wi-Fi to guests at its 31 hotels across Ireland, the UK, and Prague. The service has been rolled out in response to changing consumer trends and the increased connectivity requirements of guests. The announcement forms part of a €2 million investment by the Group in its IT service software and hardware systems.

Guests will be able to access the free Wi-Fi service in all public areas and bedrooms throughout the hotel. Guests who book direct at www.jurysinns.com will also get complimentary access to the Jurys Inn Premium Wi-Fi service which is suitable for heavier internet usage such as streaming movies, gaming, and large file downloading.

 

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Dalata to Buy Pearse Hotel

Dalata is to dip into its new €265m. treasure chest to pay €13m for the Pearse Hotel on Pearse Street Dublin.

The 101 bedroom property developed by John Moran's Citywide Leisure Ltd was offered for sale on behalf of receivers. Agents CBRE were seeking €9m for the hotel plus €1.5m for two adjoiningn commercial properties, but keen bidding drove the final price upwards.

The hotel, which is close to the city centre, O2, Grand Canal and other attractions is believed to be trading profitably, returning between €1.3m and €1.5m per annum.  In addition to the bedrooms it has five meeting rooms, a bar and  guest gym.

Dalata recently raised funds through an IPO.

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Relais Relay

Sixty years after Relais & Châteaux was founded with a mission to delight travellers on their way across France, the association’s UK & Ireland delegation is holding a delicious gourmet relay travelling the length and breadth of the British Isles.  The launch took place at Cliff House Hotel in Ardmore, Co. Waterford, Ireland, with a black tie event and seven course tasting dinner in their Michelin starred House Restaurant, created by Chef Martijn Kajuiter.

One by one, over the four months of summer, each of the 35 member properties will unveil its original 60th Anniversary Tasting Menu at a celebratory dinner, with the rest of the Irish events taking place during the month of May: From the launch dinner at Cliff House , Relais & Châteaux’s 60th Anniversary Gourmet Relay will cross Ireland visiting Park Hotel Kenmare on May 9, Sheen Falls Lodge on May 10, Marlfield House on May 22 and Ballyfin Demesne on May 24.

 

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