CBRE has confirmed the sale of the Slieve Russell Hotel Golf & Country Club to Brady Hotels Ireland Limited.
The 224-bedroom hotel includes luxurious and extensive banqueting and leisure facilities, together with a renowned PGA Championship golf course. The Slieve Russell is an iconic hotel business in a stunning countryside setting strategically located equidistant from Dublin and Belfast.
The resort on c. 120ha, opened in 1990 and quickly gained recognition as one of Ireland's premier upscale hotels. As the business thrived there were numerous extensions over the years and now the buildings extend to approximately 27,500m2. The hotel presents in excellent condition on foot of considerable capital investment of almost €7.5m since 2019.
Slieve Russell Hotel offers guestrooms and suites, an extensive food & beverage offering, and the capacity to host national conferences. The Ciúin Spa features 13 treatment rooms, and the Country Club includes a 20m pool, Jacuzzi, steam room, sauna, and fitness suite. The resort is located in the picturesque town of Ballyconnell and includes an 18-hole championship golf course.
Tony Brady of the Brady Hotels Ireland Limited commented “It is a real honour to be the successful purchaser of this beautiful property. It has an outstanding golf course and a lovely hotel. The golf course has got PGA National status, the only such golf course in Ireland and one of only a limited number of PGA courses in the world. I have also been really impressed with the staff and in particular the general manager Tony Walker and Orla Murphy who is head of HR. The Slieve Russell will continue to be run by a local team who are doing an excellent job. Slieve Russell employs hundreds of people locally, both full and part-time, and it is an important part of the community.”
Paul Collins, Head of CBRE Hotels Ireland added “This was a tremendous sale to be involved in. We had considerable interest from both domestic and international investors and while the ultimate buyer is an Australian company, they have extremely strong Cavan connections.”
Image source - CBRE.
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