Trio of hotels for sale in €30m bundle

A trio of top hotels, in Cork City, Killarney, and Kilkenny, is being offered as a rare portfolio sale bundle, for €30m.

Up for sale are Cork City’s Gresham Metropole Hotel, dating back to 1897 and the founding home of the Cork Jazz Festival; Killarney’s 160-year-old Malton Hotel, another venerable institution; along with Kilkenny’s more modern Ormonde Hotel.

Cheapest of the trio is the Metropole on Cork’s MacCurtain St, valued by selling agents Savills at €4m, while Killarney’s Malton is the most valuable, at €15m. The value put on the Ormonde is €11.5m.