A PRIME sited and profitable Dublin city hotel developed by city bar and hotel owners the Dwyer brothers is up for sale, expected to find an overseas buyer, for as much as €35m.

WITH seven new businesses/office re-locations at Cork’s Airport Business Park, the recently-purchased Cork International Airport Hotel has upward momentum behind its upgrade plans.

Foreign investors aretaking advantage of sharply reduced prices, with the sale of the Burlington, Fota Island Hotel and others attracting American and Chinese investors. Realistic prices are helping to attract these overseas buyers and breathing some life into a moribund market. Tommy Barker says major property sales were also a good sign and it’s likely that receivership sales will feature more strongly in 2013.

BOTH the Parknasilla Hotel and the Cork International Airport Hotel have overseas buyers, the first in legals, the second sold to Phillips Hotels Ltd for approximately €5m. So Savills’ successful run of sales shows it’s not just the Dublin hotel market (where the 500 bed Burlington’s selling for €70 m to the private equity group Blackstone) that’s attracting investors.

News of further investment in the 145-bed Cork International Airport Hotel has been welcomed by management and staff, as its new owner’s identity is confirmed.

Eighty workers at Cork International Airport Hotel are breathing a sigh of relief today.

LOGITECH is the latest new arrival into the 750,000 sq ft Cork Airport Business Park, where 55,000 sq ft of deals have been finalised since summer, and where book-selling giant Amazon is committing to further space.

AS developer Bernard McNamara’s misguided Burlington hotel purchase is put back for sale at a quarter the price he paid for it only five years ago, one of his other hotels is close to a sale via a receiver.

CORK International Airport Hotel should fly at its €4.75 million asking price, given its quality, location — and trading figures.

Cork’s International Airport Hotel, developed five years ago at a cost of up to €40m, is for sale via a receiver for €4.75m.

Three of the country’s best known hotels have been placed in receivership due to the debts racked up by developer Bernard McNamara.

AS part of its first birthday celebrations this month, the Cork International Airport Hotel will be flying the gastronomic flag for Italy in a three-day showcase of the finest flavours and foods from one of the world’s centres of gourmet excellence.

AN BORD PLEANÁLA is to hold an oral hearing next month into plans by the Port of Cork to build a €226 million cargo terminal at Ringaskiddy.

THE Cork International Airport Hotel has won three prestigious awards at the HSMAI Sales and Marketing Awards.

SAS has promised it won’t be swayed from the “old style” service it offers on routes out of Dublin.