CBRE Hotels have today confirmed their instructions to offer Connemara Coast Hotel, Furbo, Galway on the market for sale by private treaty.
The property is being sold on behalf of Charles Sinnott, Sinnott Hotels, who has traded successfully from this location for over 30 years.
The Connemara Coast Hotel is situated on a gently sloping site with uninterrupted views of Galway Bay and beyond to The Burren, Co Clare. The hotel, which previously traded as Teach Furbo, was acquired in 1985 by Sinnott Hotels, who immediately set about creating a Grade A hotel.
The substantial investment over the years ensured that the Connemara Coast Hotel achieved a number of accolades and awards. Galway is one of Ireland’s most popular tourist destinations and annually attracts over one million tourists to
the city.
The hotel comprises 141 guest bedrooms (all with sea views), extensive conference and banqueting facilities, a variety of dining options, two bars and a fully equipped leisure centre. Because of its setting and proximity to Galway City, the hotel is a popular choice for leisure, conference and wedding business.
According to selling agent John Ryan of CBRE Hotels the sale of the Connemara Coast Hotel represents a unique opportunity to acquire one of Galway’s best known and successful hotels renowned for its spectacular setting and top class hospitality. The prospects of future growth at the hotel have been strengthened with the announcement of the location of the Galway City Bypass which will increase accessibility and further reinforce the already substantial annual turnover.
Offers in the region of €12 million are being sought for the property.
Source: www.businessworld.ie