4-star hotel on sale for €6m after 2006 refurb of €10m

The only hotel in Ballincollig, in Cork has been put up for sale as a trading entity by its receivers via Savills, with a €6m price tag.

The Oriel House was redeveloped and extended in 2006, vastly increasing the size of the original 1800s period house, Oriel Court. The investment at the time was reported to be around €10m in the revamp and upgrade, including function and leisure facilities, with a 25m swimming pool.

The four-star hotel serves a large catchment, just 10km west and upriver of Cork City along the Lee valley. Ballincollig’s population is around 18,000, and employment has soared in the past decade with major companies such as EMC and VMW. In addition, the redeveloped site of the former army barracks in the centre of the town has re-energised the satellite town’s fortunes.