Sea change at the Strand

A TOP and profitable Limerick city hotel comes for sale this week guiding €17 million, less than half of its development cost, estimated to have been c €40 million.

With 184 beds, the Shannonside Strand Hotel which was built on the site of the former Jurys Hotel is one of the country’s most profitable and highly regarded city hotels outside of the capital, with strong business sector trade.

Similar to the River Lee Hotel in Cork which sold last year for €25m, the Stand Hotel was joined by several hundred apartments within a few minutes’ walk of all of the city’s amenities, offices and shopping streets, as well as major sports amenities such Thomond Park (26,000 seats) and Páirc na nGael (50,000 seats).