CBRE Hotels have confirmed their instructions to offer the landmark City of Armagh Hotel for sale. The hotel will be launched to the market at the end of July with a guide price of £9m.
The Armagh City Hotel is strategically located in the heart of Armagh city approximately 45 minutes from Belfast and within 1 hour 40 minutes from Dublin. The strategic location of the Armagh City Hotel makes it extremely accessible for both domestic and international visitors. The hotel is also located just under an hour from both Belfast City Airport and Belfast International Airport.
The property is adjacent to the Armagh Rugby Club and the County Armagh Golf Club which generate good business for the hotel. It is also a short distance from a number of attractions including the Armagh Observatory and Planetarium, Navan Centre & Fort, and the Armagh County Museum.
The Armagh City Hotel is a modern upscale very well invested 103-bedroom hotel boasting excellent views of the historic city. The hotel offers numerous food and beverage options with five separate outlets. The hotel also provides extensive conference and banqueting accommodation, with the largest facility in Northern Ireland attached to a hotel, offering a capacity of up to 1,200 delegates.
Extensive leisure facilities are provided within the hotel including a fully equipped gym and fitness studios, with an excellent outside membership of approximately 650. The hotel also offers an extensive car park with 365 spaces.
Investment Highlights:
- Superb city centre property, strategically located with very limited immediate competition
- The hotel benefits from extensive recent investment and soon to be upgraded from 3 star to 4 star status
- Excellent mix of business with a tremendous range of facilities to appeal to a wide range of customers
- Extensive site with considerable development potential and positive planning precedence on the site
- Excellent rental income received with strong alternative use potential for this accommodation. Opportunity to increase the bedroom count.
Paul Collins, Head of Hotels, CBRE Ireland confirmed “We are delighted to be appointed to offer Armagh City Hotel for sale. This highly profitable hotel and conference business is an exceptional opportunity to acquire a thriving business in the heart of the historic city with excellent future development potential.”