FOR SALE

Opportunity to acquire a highly regarded and successful hotel in the centre
of Kilkenny City with spectacular views of the historic Kilkenny Castle
FOR SALE
BY PRIVATE TREATY
On the Instructions of Kieran Wallace KPMG Receiver
Kilkenny River Court
Hotel & Leisure Club
John Street, Kilkenny
LOCATION
/PORTLAOISE
J10
J9
Kilkenny River Court Hotel enjoys a prime central location in the heart of Kilkenny’s
commercial and entertainment district. The hotel occupies a superb riverside setting
beside John’s Bridge at its junction with John Street. The landmark and historic
Kilkenny Castle is directly across the River Nore and provides an impressive backdrop
to the River Court Hotel site.
Mil
ita
ry
Ba
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J7
The River Court Hotel is a short walk from the principal shopping streets of this
popular Medieval City and is also close to the McDonagh Junction project, a recently
developed retail and residential Urban Quarter at Kilkenny’s mainline railway station.
Kilkenny City is approximately 120km southwest of Dublin City, 50km north of
Waterford City, 120km east of Limerick and 150km northeast of Cork. The city
is well served by major transport routes with the N77, linking Kilkenny to the M7
and M8 (Dublin to Cork / Limerick) and the N10 which links to the M9 (Dublin to
Waterford). Kilkenny is now less than a 1.5 hour drive from Dublin city. Kilkenny also
benefits from excellent InterCity and express rail connections to Dublin and Ireland’s
other major cities, the Ferry ports at Dun Laoghaire and Rosslare and the airports at
Dublin, Cork and Shannon.
J8
Newpark Fenn
N10 to M9
Motorway to
Dublin Exit 8
St John’s
Priory
J6
J5
J4
J1
J2
ROSSLARE EUROPORT
To Mount Juliet
To Jerpoint Abbey
J3
N10 to M9
Motorway to
Waterford Exit 9
KILKENNY
The present and the future
Kilkenny City and it’s environs has a urban population in
excess of 24,000 (Census 2011) with over 95,000 people
residing in the county of Kilkenny.
Kilkenny, the medieval capital of Ireland, is one of Ireland’s
most attractive and popular cities. Its city centre is
characterised by beautifully restored and fascinating
historical buildings, winding streets and laneways, which are
now full of contemporary shops, designer stores, galleries
and restaurants. These all create a magnificent, vibrant,
bustling and busy city centre atmosphere.
The internationally acclaimed Norman built 13th century
Kilkenny Castle is now the fourth most popular heritage
site in the country. Kilkenny is justifiably renowned for
its many annual festivals with the Kilkenny Arts Festival
and the Smithwicks Cat Laughs Festival – a highlight of
the International Comedy circuit - attracting in excess of
30,000 high spending visitors annually. In addition, Kilkenny’s
leafy countryside is a haven for visitors with five excellent
golf courses at Kilkenny, Mount Juliet, Gowran, Callan and
Castlecomer. Tourism alone – both domestic and international
– is a significant annual contributor to the economy of
Kilkenny city and county.
Kilkenny is one of the most progressive cities in Ireland with
an already vibrant tourism product and a growing reputation
as an excellent corporate location. Already in the top five
short break destinations for domestic tourism, Kilkenny has
ambitious plans to further develop the city’s facilities to
attract more FDI and education based investment. In the
last few weeks Kilkenny Borough & County Council revealed
plans for their innovative “Knowledge & Business Quarter”
development on the old Smithwicks Brewery 16-acre site,
just upriver from the River Court Hotel. This exciting proposal
includes plans for a 3rd level Technological University campus
for the South East as well as corporate offices aimed at
creative and technology companies, together with new retail
and residential elements.
Multi million euro ambitious investment projects like this show
how determined the City authorities are to promote Kilkenny
as an alternative investment location to Dublin for foreign
and local firms who want to locate or expand in Ireland.
THE OPPORTUNITY
THE BUSINESS
With longstanding barriers to entry to the Kilkenny Hotel market –
no hotels of this quality have been offered to the market since as
far back as 2007 - this sale provides the purchaser with an excellent
opportunity to establish a very strong foothold in the upper end
of the lucrative Kilkenny hotel market and to capitalise on the
undoubted future of potential of the Kilkenny River Court Hotel.
As the River Court is already one of the most profitable hotels in
Kilkenny, with some further strategic investment the opportunity
now exists to grow the business further and copper fasten the
River Court Hotel’s already high profile position at the top end of
the vibrant Kilkenny hotel market.
The Kilkenny River Court Hotel has traded successfully for the past 14 years
since opening for business in June 1999 and the continual re-investment in
the hotel facilities over the years, has ensured the hotel remains one of the
most highly regarded, full service, 4 star hotels in Kilkenny.
The hotel enjoys a substantial and growing annual turnover with an
excellent mix of business between the local, domestic, leisure and
corporate markets. Each year the Kilkenny River Court Hotel hosts
numerous weddings, conferences, meetings, functions, coach tours and
weekend breaks and has long been an important focal point at the heart
of the social and economic life of the city
ACCOMMODATION
The Kilkenny River Court Hotel’s excellent facilities include:
•
90 well appointed en-suite Bedrooms and Suites
•
Riverside Restaurant with magnificent Castle views
•
Riverside Bar and idyllic Riverside Terrace
•
Lobby and Reception Area
•
Library lounge
•
Conference/Banqueting with capacity for over 250 people
•
Leisure Centre with 17metre heated indoor pool, Steam room,
Jacuzzi, 3 x Treatment rooms and fully equipped gym
•
Secure private parking to front and rear
BEDROOM
ACCOMMODATION
The hotel’s accommodation comprises 90 bedrooms and suites arranged over
2 floors. All the bedrooms feature ensuite bathrooms and are well appointed
and tastefully furnished throughout. In-room services include flat screen TV,
telephone, trouser press, iron, safe and welcome tray.
Some of the bedrooms overlooking the river have balconies and all of them
have simply stunning views of the majestic Kilkenny Castle.
LEISURE, SPA, HEALTH & BEAUTY
The Kilkenny River Court Hotel has an excellent leisure centre, ideal for
families with a superb indoor heated pool area. The leisure Centre enjoys
a growing membership and the facilities include:
•
17m deck level pool, Steam room and Jacuzzi.
•
Fully equipped gym
•
Health Spa with three “Oasis” treatment rooms
•
Hairdressing Salon
FOOD & BEVERAGE
The Kilkenny River Court Hotel has high quality food and beverage facilities
to suit all tastes and requirements. The Riverside Restaurant (c.80 covers)
serves breakfast and dinner and opens for lunch on Sundays and on other
days for groups and special events. This is a spacious bright room glazed on
two sides with superb views of the River Nore and the spectacular Kilkenny
Castle beyond. Furnished and fitted to a very high standard and with plenty of
natural light, the Riverside Restaurant has a bright and cheerful atmosphere.
The Riverside Bar is a traditional style lounge bar and provides quality food
all day long, with both a carvery and full table service available.
The bar opens onto a fully decked, fantastic riverside terrace - with a
retractable canopy - offering magnificent river and castle views. This idyllic
Terrace area is extremely popular during the summer months and attracts
significant additional business during festival and event weekends, match days
and concerts at nearby Nowlan Park.
CONFERENCE &
BANQUETING
The hotel has extensive conference and banqueting facilities
with the flexibility to offer 7 dedicated conference and meeting
rooms, which can cater for between 2 to 260 delegates.
The Marshall Suite has a capacity for 260 people theatre
style and 210 banqueting style and can be sub-divided into
two smaller conference rooms as required. The four smaller
meeting rooms can each cater for meetings of up to 20 people,
boardroom style.
Proposed Knowledge
and business quarter
RIVER NORE
HIGH STREET
MCDONAGH
JUNCTION
JOHN’S
BRIDGE
KILKENNY
CASTLE
NOWLAN
PARK
STADIUM
ZONING
TENURE
The entire property stands on a city centre riverside site of
approximately 0.59HA (1.46 acres). Under the current Kilkenny
County Development Plan 2008 - 2014, the site is located in an
area zoned “to provide for general development”
We are advised that the property is held freehold.
HOTEL LICENSES &
REGISTRATION
Failte Ireland Registration
Hotel with Public Bar Licence
Dance Licence
RAILWAY
STATION
TUPE
The hotel is being offered for sale as a going concern and
purchasers will be required to comply with current EU TUPE
legislation on employee transfers.
THE PROCESS
The Kilkenny River View Hotel is being offered for sale by
private treaty and offers are invited for the freehold of the
property and the business, as a going concern.
SERVICES
We understand all mains services are available to the property.
GFCH.
Air Conditioning to all public areas and meeting rooms.
Own Generator.
Further information on this opportunity and full details of
the hotel’s recent trading performance are available in the
confidential Data Room. Access to the Data Room is available
upon return of a signed Confidentiality Agreement (CA) which is
available from CBRE or can be downloaded from the marketing
website by logging into www.cbresales.ie/rivercourt
All signed CA’s should be sent by email to the CBRE Hotels
contacts listed below
BER
BER No: 800215121
www.rivercourthotel.com
Dermot Curtin
+ 353 1 6185539
dermot.curtin@cbre.com
John Hughes
+ 353 1 6185538
john.hughes@cbre.com
Aodha Mulhall
+ 353 1 6185741
aodha.mulhall@cbre.com
DISCLAIMER: CBRE
These particulars are issued by CBRE Ireland on the understanding that any negotiations relating to the property are conducted through them.
While every care has been taken in preparing them, CBRE Ireland for themselves and for the vendor/lessor whose agents they are, give notice that:
(i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract.
(ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any
other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or
representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE Ireland, nor any of their employees
have any authority to make any or give any representation or warranty in relation to the property.