Great Southern Hotels start sale process

A marketing campaign for the sale of Great Southern Hotels starts today with advertisements in the property sections of the national media and international press.

This follows the decision by the board of GSH in February to sell eight hotels on a going concern basis.

The sales process, which will be carried out by public tender, offers the hotels as one overall lot, as individual lots or as various combinations of lots.

The deadline for receipt of tenders is 12 noon, Friday, June 23, 2006.

Tenders received by the deadline will be opened and assessed over a period of several weeks with a view to establishing a preferred bidder or bidders.

It is estimated that the process will conclude in late August or early September.

The eight hotels for sale are located at Dublin, Shannon and Cork Airports, at Parknasilla and Killarney in County Kerry, at Eyre Square and the Dublin Road (Corrib) in Galway city, and at Rosslare Harbour, County Wexford.