The investment sale of the Clarion Hotel in Cork to Dalata Hotel Group for a record breaking price of €35.1 million was announced today by joint selling agents Savills and JLL.

The sale of the Clarion Hotel comprises an investment sale only (existing tenant not affected) and it will continue to be operated by Choice Hotels Ireland under the Clarion brand.

The Clarion hotel was opened in 2005, the 191 guestroom four star hotel has an enviable waterfront position within the City Quarter development on Lapps Quay – the heart of the Central Business District in Ireland’s second largest city.
 
Head of Hotels & Leisure at Savills, Tom Barrett said, "With high quality conference and leisure facilities and a prime Cork CBD location, the investment sale of the Clarion Hotel Cork attracted a strong level of both domestic and international buyer interest, resulting in highly competitive bidding and in the end a sale price well above our excess €30m guide price."

Source: www.businessworld.ie