Savills has been instructed to sell Finnstown Country House Hotel by Ferris & Associates, the receiver and manager of FTC Hotel (in receivership). The three-star hotel, which is located in Lucan, 12km from Dublin city centre, is on the market at a guide price of €4.25 million.
Savills has been instructed to sell Finnstown Country House Hotel by Ferris & Associates, the receiver and manager of FTC Hotel (in receivership). The three-star hotel, which is located in Lucan, 12km from Dublin city centre, is on the market at a guide price of €4.25 million.
The 82-bedroom, eighteenth century hotel sits within 19 acres of mature, attractive grounds and has been the chosen venue for more than 112 weddings in 2012. Recently refurbished, the asset has a broad range of facilities including 30 bedroom suites, two bars, a restaurant and three lounges with events facilities. In addition, there are four meeting rooms, banqueting facilities for up to 200 people, a leisure centre, tennis court and gym.
The hotel also has a well-established and growing food and beverage business making it an attractive prospect for potential investors seeking a new business venture.
Tom Barrett, head of hotels & leisure at Savills Ireland, says: “Finnstown Country House Hotel offers a great opportunity for an investor to acquire a well-established and successful business. The hotel’s trade and profitability have grown in recent years with potential to develop the enterprise further making this is an exceptional opportunity for an international or local Irish investor.”
Dalata Hotels has successfully managed the hotel since July 2010 although the property is available free from this management agreement, if required.