Hotel firm has gains on Cork and Shannon sales

The hotel group that purchased three airport hotels from the the airport authority, the DAA, for around €75m nine years ago last year received €5.42m for two of the hotels.

Hotel firm has gains on Cork and Shannon sales
Fri, 06 Nov, 2015 - 00:00
Gordon Deegan

In 2006, the CG Hotel Group bought two hotels at Dublin and Shannon airports, along with a third — the former Great Southern Hotel at Cork Airport — for around €75m.

New accounts show that CG Hotels received €1.92m for the sale of its Cork hotel and €3.5m for the sale of its Shannon hotel last year.

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CourtshotelCorkShannonPlace: DublinPlace: Shannon AirportsPlace: Cork AirportPlace: CorkPlace: Dublin AirportOrganisation: CG Hotel GroupOrganisation: Great Southern HotelOrganisation: CG HotelsOrganisation: Cork HotelOrganisation: ShannonOrganisation: Radisson BluOrganisation: CG Hotels LtdOrganisation: CG
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