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THE FIVE-STAR Adare Manor hotel and golf resort in County Limerick has been put on the market with a guide price of between €25 million and €27 million.
The hotel has 62 bedrooms set on 766 acres of parkland on the banks of the Maigue River. There had been speculation that loans linked to the property had been transferred to Nama, and the state’s bad bank was the sale of the hotel.
However, this morning CBRE, which is selling the property, said that Nama was not behind the sale.
The property was originally built in the 19th century as a residence for the Earl of Dunraven, before being acquired by Tom and Judy Kane in 1987, who restored the hotel to its current state.
The architectural features of the hotel include 52 chimneys, one for each week of the year, 75 fireplaces and 365 leaded glass windows. The golf course was designed by Robert Trent Jones Senior.
Tom Kane is not listed as a director in any of several companies linked to the management and ownership of Adare Manor and its facilities.
A management buy-out for the hotel, which aimed to alleviate the burden imposed by bank debt, was floated in recent years, although it is unclear if it went through. The precise identity of the vendor is not known at this stage.
The market for hotel sales in Ireland has been accelerating sharply during the year, led by outfits like Brehon Capital Partners, which has purchased the Mount Juliet resort in Kilkenny and Powerscourt Hotel in Wicklow.
A report by CBRE earlier this year found that hotel sales in Ireland for the first six months of the year were nearly three times higher than for the same period in 2013, with around €132 million in transactions closed during the period.
Adare Manor is being sold in three lots, with buyers offered the chance of purchasing just the hotel and golf course, the resort and agricultural land connected to it, or the agricultural land alone.
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Hopefully, some day, the remains of Ireland’s “Missing Women” might be stumbled upon too. Their poor families REALLY deserve closure also.
I think that there’s something not quite right about the investigations in to the murder of those women. Time to invite in the FBI. Too many people know each other in this country
Truthy, the FBI don’t have jurisdiction in Ireland. Your not very Truthy are you!
Thus INVITE
The FBI have actually consulted on the cases of some of the missing women.
A heart broken family will get their son back and will be able to give him a proper burial……
At the very least it might be closure for some family… Crazy that it was just down to chance!
I don’t think that it was just down to chance. A new search of Oristown bog has been under way for the last few weeks.
Some clarity here. This Garda investigation team were not looking for a stolen car. They are part of a Garda team tasked with finding the IRA disappeared. Recent intelligence information provided to them led to the bog site in Meath. The body was found close to the car. Someone owns this land or has authority over it. Quite why the shell of a burnt out car supposedly sat here for 11 years without someone reporting it, identifying the vechicle and removing it, I have no idea. Had that happened, it might have led to closure for one family a lot sooner.
Its not that unusual for people to abandon banjaxed cars in bogs. A lot of the bogs around that area are owned by the Headfort estate and so there may not be anyone monitoring it that closely.
Drive around the Dublin Mountains, plenty of burnt out cars just rotting away for years and years in fields and bogs..
The car was stolen not banjaxed
Rildo…yeah, the point is that you don’t look at a shell of a car in a bog and say to yourself “That must be a stolen car, I better call the gardai”. RIP and condolences to the family.
Well it’s that type of bumpkin “sure it’s only an oul car” shit that slows investigation s down
Mick and all your green thumbers there, ye should get out of the city and actually visit a bog, you would learn loads , including how easily a car could rest there for many decades .
Whatever you say, Officer Rildo!
Please hold the jokes, Gerry was a much loved father, son, brother, uncle and friend , his family have been through a hell that no one should ever go through. Rest in Peace Gerry
You shower of C,,,s show some respect.
Must be the first bog body to be found in a car
RIP Gerry. Glad your family have closure. Your poor mam died of a broken heart but your united with her now
It took 11 years to find a stolen car? Ffs
Cutbacks.
Lol
Yeh the cops should do a nationwide excavation of every bog in the land each time a car is reported stolen.
Their full of soil
It is quite sick that some posters regard this find as funny. Such finds will always evoke memories of other bodies scattered throughout this island, memories of fellow human beings murdered by ‘republican’ and ‘loyalist’ gangs.
Fellow human beings.. like eh Palestinians?
For what its worth you can tell if a decomposed body or skeleton is male or female by looking at the Jaw. If there’s an indent in the bit of the Jawbone that meets the skull that means it belongs to a female skeleton, if it’s not indented its a male skeleton.
Someone’s been killed what’s with the jokes FFS show some respect
Respect please people. One family has closure tonight, but there are so many more still waiting. This is not the body that they had hoped to find, but lets hope that someone will give them that one bit of information that will give the meGraw family closure. Thoughts with both families tonight.
Likely car was burnt and the car and body were buried in bog . Means the people,who did it had access to an excavator which may have been at site already legitimately. If it had been on the surface it would have been noticed a long time ago as ireland is a small place .
Sure it helped unite ireland anyway.
The car is missing since 2003. He is missing since 2011. I doubt it.
RTE news are reporting this as the remains of Gerard Daly, missing since 2011.
Gardai treating the death as suspicious.
Looking for a person wearing a black balaclava, navy track suit bottoms, black hoodie and white runners
Gardai
Was he ‘known to the Gardai’ I wonder?
have your say