The five-star Sheen Falls Lodge hotel in Co Kerry is set to change hands in the coming weeks following an agreement by its current owners to sell it to a group of Thai inves
tors for a figure of between €16m and €17m, the Irish Independent can reveal.
The 'Irish Independent' reprst to-day that While the sale of the Kenmare property has yet to be concluded, the deal, which is being handled by JLL, is expected to deliver a significant profit for the UK-based luxury hotel group, Palladian Hotels. The company acquired Sheen Falls Lodge in 2013 for €5m, and is understood to have spent a further €5m on refurbishment works since then.
Developed in the late 1980s by Danish shipping businessman, Bent Hoyer, the hotel opened for business in 1991. Built around an 18th century hunting lodge by the River Sheen, beside Kenmare Bay, the property had already come close to being sold in 2011. While Sheen Falls Lodge sits on 300 acres of land, its sale on each occasion involved just a portion of those grounds.