€ 8.5m sought for Torc

IT was a case of all Torc, but not enough action, in the planned sale of the Great Southern Hotel Group’s Torc Hotel in Killarney.

With talk of a possible future sell-off of other GSH hotels worth up to €200 million, as part of the break-up of Aer Rianta, a note of caution might enter the frame following the low offers for the hotel and development lands when offered for sale by tender last week.

Over half a dozen different parties made offers on the Killarney hotel on four acres and a further 2.3 acres of building land when the former hotel property was offered in lots.