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A hotel opportunity at 71 South Mall in Cork city has been offered for sale by estate agency JLL with a guide price of €4.5 million.

The property, which was designed by Scott Tallon Walker Architects, consists of a former banking hall and comes with full planning permission for a conversion into a 58-bedroom boutique hotel that would be comprised of the existing bank along with a new-build bedroom block to the rear and side.

 The planning permission also allows for the development of a large, double-height restaurant, a bar, a café and a hotel reception area fronting South Mall.

 

 

Pre-tax losses declined by 19% to €6 million at Killarney Hotels Ltd last year.

The group's revenues rose 29% to €22.29 million in the wake of the post-refurbishment reopening of The Dunloe Hotel.

Owned by the Liebherr family, Killarney Hotels Ltd operates both The Europe Hotel and Ard na Sidhe Hotel as well Dunloe Hotel.

The group employs 242 people.

 

New figures filed by Torski Ltd, the business behind the Talbot Hotel Group and Pettitt's supermarkets, show a decline in pre-tax profit   of 1.7% to €6.24 million last year.

The company's directors say that its hotel division traded well last year, but  that "going into 2019, the hotel division faces big challenges in the form of high insurance costs, a VAT increase and Brexit."

The company's revenues dropped from €130 million to €129.97 million and the number of people employed by the firm increased from 1,026 to 1,058.

 

Fáilte Ireland has appointed Jenny De Saulles as Director of Sector Development, which is a new role within the National Tourism Development Authority.

 Jenny, who was previously Head of Ireland’s Ancient East at Fáilte Ireland and has worked at Nestlé, will lead a new directorate within the organisation focusing on building industry resilience in the face of the challenges that the sector is facing.

CEO of Fáilte Ireland, Paul Kelly, announcing the appointment, said:

 “I’m delighted to announce that, following a competitive recruitment process, Jenny De Saulles will lead Fáilte Ireland’s newest directorate of Sector Development. The overall softening of outbound tourism from our major markets, increased cost pressures combined with the impact of Brexit are real challenges that the tourism industry now face. Fáilte Ireland is supporting the development of a ‘world class industry’ in the face of these challenges and this new function will help ensure the long-term sustainability of the sector. Bringing her wealth of experience in the tourism industry to the role, Jenny is extremely well placed to lead out on this.”