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Dublin: 11 °C Friday 3 April, 2020

Boom-time Clarion Hotel in Sligo sells for €13 million

The property had originally gone on the market for €7 million.

Clarion Sligo Web The Clarion Hotel in Sligo Source: David Cantwell/Savills

ONE OF THE north-west’s most distinctive hotels has been bought up for €13 million.

The Clarion Hotel in Sligo, noted for its distinctive period style, has been sold by Savills to the Dalata Hotel group.

It had been put on the market on the instruction of receiver Aiden Murphy of Crowe Horwath.

Opened for business at the height of the boom in 2005, the hotel’s building dates from 1848 and was offered last October with a pricetag of €7 million. 

The Irish Times reported last October that the hotel had undergone a €45 million overhaul before it first opened its doors as a hotel.

The building, which had been an old mental health facility before its extensive refit, has 162 bedrooms and suites, conference rooms, restaurants, bars and health facilities. 

The hotel has been operating at a profit and is a popular destination for weddings.

Speaking about the sale, Tom Barrett, head of hotels and leisure at Savills, said: “The Clarion Hotel in Sligo is one of the largest and most profitable hotels in the north-west of Ireland and represented a rare opportunity to acquire a unique landmark property.”

Read: Publicans say ‘archaic’ Good Friday alcohol ban should be lifted ahead of 1916 centenary

Also: This unused Wexford ‘ghost’ apartment block is to be redeveloped as a luxury hotel

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