€500k auction price for hotel where GAA was founded

The iconic Tipperary hotel where the GAA was founded, and where tens of thousands of sport fans have congregated every year since, is to be sold at auction with a guide price of just €500,000.

Hayes Hotel in Thurles will be Lot 82 at the Allsop’s auction September 16. The auctioneer has put a reserve range of €450,000-€500,000 on the 30-bed hotel.

That is €300,000 less than the guide price put on it by estate agents CBRE at the start of this year, nine months after it went into receivership with KPMG.