The four star boutique Walter Raleigh Hotel in Youghal has been put on the market by agents CBRE, with a guide price of €2.5m.
The hotel is prominently located at the entrance to Youghal town, overlooking Youghal Bay. Cork City and Cork Airport are just 40 minutes away. The town has undergone significant expansion in recent years, and now comprises of a population of around 10,000. Resident numbers increases notably during the summer.
The hotel has a long and unique history, the building itself dating back over 110 years. It's named after Sir Walter Raleigh, who supposedly introduced both potatoes and tobacco into Ireland and lived intermittently in Youghal from the late 1580s to the turn of the century. He was at one point the mayor of Youghal.
The building was bought by hoteliers Eddie and Mary Murphy, who reopened it as a hotel in the 1990s. They sold it on to US investor Richard Voke in 2005 for a figure similar to the current €2.5m asking price.
With the economic crash, the hotel was put on the market in 2012 for a mere €450,000, and eventually sold in 2013 for €400,000 to property developers Grace and Nick Ryan. The couple invested extensively in refurbishing the hotel, putting in over €1.5m and turning it into a four star destination.
The ongoing refurbishment includes a complete refit of the kitchens and 40 bedrooms, and careful detailing throughout.
For more information on the sale, email email@example.com.