Crimmins harvest Quality hotel

Killarney’s 188-bed Quality Hotel which had a price tag of €3 million has been bought by East Cork farming family the Crimmins.

Up to 80 interested parties viewed the hotel, originally the Killarney Ryan, after it was offered by agent Denis O’Donoghue of Savills, for receiver David Carson of Deloitte.

Its new owners have appointed the Tifco Hotel Group to run it; a statement issued by Savills confirmed the buyers were Crimmins Hotels and Leisure, described as an Irish-owned family business.

It’s understood it is their first hotel investment, and farming sources suggest the family, including John Crimmins and his father Philip, were the beneficiaries of major land sales around Ballinglanna, Glanmire, in the early 2000s, around the time they bought a replacement large East Cork dairy farm.

The Quality Hotel Killarney is a three-star on seven acres with car parking, has a lounge, two bars and a 220-seat restaurant, plus leisure centre. It had been on the market in 2011 guiding at €4m, before being reduced by Savills to €3m and was run by BDL hotel group.

New operators Tifco own and manage a diverse portfolio of three, four and five star hotels in Ireland and Germany, including the Cork International Airport Hotel, Lough Erne Resort, Clontarf Castle, Hotel, Johnstown House Hotel & Spa and the Athlone Springs Hotel.