A well-known hotel in Co Monaghan has gone on the market nearly two years after its closure for refurbishment.
The Nuremore Hotel and golf course in Carrickmacross, Co Monaghan is being offered for sale by Declan de Lacy, liquidator of Nubility Capital Ltd.
Selling agent CBRE is quoting a guide price of €6m (£5m), which is less than the €8m (£6.7m) believed to have been paid for it in 2020 when the Gilhooly family sold it to Chinese investor Kai Dai and his Kylin Prime Group.
Mr Kai was once one of the country’s biggest cash-for-visa brokers.
In late 2022, Nuremore staff staged a work stoppage over unpaid wages and then in January 2023 the hotel closed “for refurbishment” but never reopened.
The company behind the hotel had racked up significant debts, including to staff and Revenue Commissioners.
In May 2023, the Republic’s High Court ordered the winding up of a company involved in the hotel and appointed Mr de Lacy as liquidator. In January this year the Sunday Independent reported that Mr de Lacy had received indicative offers in the region of €7m (£5.8m), as two interested parties were keen to revive Nuremore’s hotel and golf business.
One hoped to put an international brand on the hotel if successful.
However, Mr de Lacy decided to put it on the open market at a time when demand for both hotels and golf resorts is proving to be one of the strongest sectors of the commercial property market.
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The 70-bedroom hotel is located on 160 acres of parkland, and facilities include a restaurant, bar, leisure centre and a large function room.
It also benefits from two extensive car parking areas, with access from the Dundalk Road and the old Ardee Road.
During Irish soccer’s golden era, national team manager Jack Charlton sometimes took the team to the venue to prepare them before big international games. Its impressive garden view also enhanced its popularity as a wedding venue with a choice of indoor or outdoor ceremony options, and banqueting facilities for up to 350 guests.
Its custom-built conference centre caters for business meetings and conferences.
Smaller rooms can accommodate meetings and conferences for between two and 20 delegates, while for larger events the facility can seat up to 700 delegates in a theatre style, and can be adapted as an exhibition room for trade shows.
Its 18-hole parkland course golf was designed in 1991 by Eddie Hackett.
The course has a standalone clubhouse with bar facilities.
Spa and wellness facilities include treatment rooms, an indoor pool, a sauna and a fitness centre. It also has two outdoor tennis courts.
John Hughes of CBRE Hotels, said: “The former Nuremore Hotel and Country Club was a landmark hospitality business in the north-east and with capital investment can be re-established as a leading resort hotel in the region, attracting significant business from north and south of the border.”
The business was established and developed by Julie Gilhooly and family, who retired from the business in 2020.