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Athlone Springs Hotel for sale with guide price of over €3.5m

Written by Robert McHugh, on 21st Mar 2017. Posted in Property

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CBRE Hotels have confirmed their instructions to offer Athlone Springs Hotel, Monksland, Athlone for sale by private treaty.

Athlone Springs Hotel is conveniently located off the M6 Dublin to Galway road close to the Alkermes pharmaceutical facility as well as being just 5 minutes’ drive from Athlone town centre. 
 
Purpose built and first opened for business in July 2007, Athlone Springs Hotel is now a well-established and successful 68 bedroom hotel business easily accessible from all areas of Ireland.

The hotel is being sold as a going concern and the sale offers investors an opportunity to acquire a profitable Irish Midlands 4 star hotel with conference and banqueting facilities, leisure club with pool and gym, restaurant and bar and extensive car parking.
 
The area offers many local tourist attractions and amenities including Athlone Castle, the Luan Gallery, Athlone Equestrian Centre, quality golf courses, the Shannon Banks Nature Trail Walk, Belvedere House & Gardens and the Kilbeggan Distillery.
 
Senior Analyst at CBRE Hotels, Lisa Keogh says, "Athlone Springs Hotel has established itself as a successful and profitable hotel business. The hotel serves a large and well populated hinterland with Athlone being a thriving tourist and commercial base and is home to the only third level college in the Midlands region, including an international indoor running track. Strong activity in the hotel sector has continued with more than €800 million of Irish hotel transactions completed in 2016."

Source: www.businessworld.ie

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