More than €6 million paid in Munster hotel sales

Munster hotel sales are early out of the traps for 2016, with more than €6 million paid in all for three well-known entities.

New owners are now getting behind the reins at the Commons Inn in Cork city, just bought by expanding hotel operators Great National Asset Management for well over €2 million.

Also sold was the Derrynane Hotel in Kerry, bought by Chinese investors with Irish hotel partners for over €1.8 million, and the Cashel Palace in Tipperary, now confirmed as purchased by Coolmore Stud’s John Magnier, as indicated in these pages last October when the historic building went sale-agreed.