Highly profitable Farnham Estate hotel

Described as one of the most profitable hotels in Ireland, and certainly on one of the largest land holdings at 1,250 acres, the Farnham Estate hotel has officially gone to market this week, guiding €26m, a fraction of the reported €85m investment cost when developed by pharmacy chain owner Roy McCabe a decade ago.

The sale of the highly-profitable business does not include holiday homes, also built on the grounds, at a further cost of tens of millions of euros and at one stage offered for sale at individual prices from €400,000 to €700,000.

Trading under the Radisson Blu brand, the Co Cavan Farnham Golf & Spa Resort gets business from Dublin, Belfast and Galway among other catchments, with four million people within a two-hour drive, note agents Aaron Spring and Tom Barrett of Savills, acting for receiver Aiden Murphy of Crowe Howarth.