Bunratty Hotel checks out for €12m

TWO Ennis businessmen have acquired the Fitzpatrick Bunratty Hotel for an estimated €12 million plus and plan to invest a further €10m to add 39 holiday homes to the complex.

Fitzpatrick Bunratty Hotel owner Paul Fitzpatrick yesterday confirmed the sale of the hotel to Pugadar Ltd, a company owned by Ennis businessmen Noel Connellan and Seán Lyne, who are well known in Clare business circles.

Mr Connellan is a former president of Ennis Chamber of Commerce and is managing director of Clare Corporate Finance Limited, which channels investment funding.