Home > Property > Carton House Hotel on the market for €60m

Carton House Hotel on the market for €60m

Written by Robert McHugh, on 12th Jul 2017. Posted in Property

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It was announced today that the Carton House Hotel is being offered for sale by private treaty with a guide price of €60m. This comes after the Mallaghan family and the Carton Development Partnership have confirmed they have reached consensual agreement with NAMA about the sale.

It is being sold as a going concern, free and  clear of any management agreements. For its staff, suppliers and golf members it will be business as usual.

As the ancestral home of the FitzGerald family, Earls of Kildare and Dukes of Leinster, Carton is one of Ireland’s most historically important stately homes. Savills and CBRE have been appointed as joint selling agents for the project.
Carton House is only a 30 minute drive from Dublin city centre and Dublin Airport. The hotel provides 165 bedrooms – including 18 suites located in the original house – all of which enjoy panoramic woodland and golf course views. The extensive food & beverage offering includes the Linden Tree Restaurant, the Kitchen Bar, Lobby Lounge, the Coach House and the Arch BBQ.
The Resort offers an extensive range of meeting rooms, conference & banqueting facilities and is a popular and exclusive wedding venue, averaging 70 wedding receptions annually. The main ballroom can accommodate 350 guests. The luxury spa is located in an original stable block with 7 treatment rooms and an 18m pool.

The 668 acre property also features two 18-hole championship golf courses, designed by two time Major winner, Mark O’Meara and Ryder Cup Legend Colin Montgomerie. Carton House has already hosted many championships including the Irish Open on three occasions, most recently in 2013.

Furthermore, Carton House is one of the pre-eminent high performance sports training camps in Ireland, regularly used by the Irish national rugby team and most recently by the 2017 British & Irish Lions. The facility includes soccer, GAA and rugby training pitches developed to the highest specifications, which have been used in the past by such world famous clubs as Real Madrid and AC Milan as well as many UK based teams. Carton is also home to the Golfing Union of Ireland and the National Golf Academy.

The original Carton Demesne dates back to the 11th century, its centrepiece today is the 18th century Palladian mansion. Work began on the painstaking and detailed restoration of the manor house and estate in 1999. Carton House was subtly and sensitively transformed over 7 years, the restored house and modern hotel was opened in 2006.
Carton House itself is one of Ireland’s most historic buildings and dates from 1739. It was the country seat of the Dukes of Leinster whose Dublin residence, Leinster House, has been the seat of Dáil Eireann (the Irish Parliament) since the inception of the Irish State in 1922. Being one of Ireland’s most important houses, Carton hosted many important visitors to Ireland, including Queen Victoria who visited in 1849.

Speaking about the sale, Conor Mallaghan said, "The Mallaghan Family are honoured to have had a 40 year association with Carton House and together with its Development Partners remain extremely proud of the standard of restoration achieved on this wonderful heritage property and estate. Carton’s future is now secure and it is very much part of the local community and an enduring and unique legacy for the Irish people."

He added, "It is now time to pass its stewardship to a new owner whom I trust will continue with its recent revival and will appreciate this amazing place as much as we have."

Source: www.businessworld.ie

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