Connect with us

News

Time travel as iconic Killarney hotel will be known once again as Great Southern

Published

on

O

ONE of Ireland’s oldest and best loved hotels will soon be known once again as the Great Southern Killarney. In a move that will no doubt please the residents of Killarney, The Malton hotel will have its name retired as the Great Southern Killarney is reinstated on January 26, 2018.

Owned by the Scally family since 2014, the historic grand-dame style hotel is part of the Hayfield Family Collection that includes the Killarney Royal in Killarney and Hayfield Manor in Cork City. Over the past two years, the family-run company has invested in a major restoration programme – the grand foyer has been restored to the original Victorian design, the public areas have been redecorated in classical style, an extensive bedroom refurbishment program has been undertaken and the facilities surrounding the Grand Ballroom have been upgraded.

According to Ettienne van Vrede, CEO of the Hayfield Family Collection: “It is fitting and appropriate that we bring the wonderful Great Southern brand back to this beautiful property. Over the past two years we have carefully upgraded the hotel to reflect its heritage, grandeur and position within the town. Ironically, and perhaps not surprisingly, many people still refer to the hotel as the Great Southern such was the strength of its legacy and heritage. We look forward to celebrating the next chapter of this great story.”

Built in 1854 by the Great Southern and Western Railway Company and called The Railway Hotel- the first hotel to be owned by a railway company in either Ireland or Great Britain- from 1896 until 2009 the property was known as the Great Southern Hotel Killarney. It was for many years one of the best-known hotels in the country famed for its prized location next to the town’s railway station.

 


 
Joe Scally, company director, Ettienne Van Vrede, CEO of the Hayfield Family Collection, pictured at The Malton Hotel in Killarney, soon to known as its original name, The Great Southern Hotel Killarney. Pic: Sally MacMonagle

Advertisement

News

Paralympic legend Jason Smyth visits St Brendan’s

Published

on

By

Paralympic legend Jason Smyth visits St Brendan’s


World renowned Paralympian and world record holder Jason Smyth paid a visit to St Brendan’s College on Wednesday afternoon as part of a high profile visit to Killarney.


The six time Paralympic gold medallist spoke to second year students from St Brendan’s College, alongside students from neighbouring schools St Brigid’s Presentation Secondary School and Killarney Community College.
The interactive talk and interview took place ahead of World Sight Day, with the legendary sprinter sharing his personal journey with Stargardt disease, a genetic eye condition that left him legally blind at eight years old.
The Derry native, who holds the world record as the fastest Paralympian on earth over 100 metres, offered inspiring insights into overcoming physical adversity and achieving success at the highest level of world sport.
The school visit formed the opening leg of his Killarney schedule before he took centre stage later on Wednesday evening at The Killarney Plaza Hotel & Spa.
Smyth headlined An Evening with Paralympian Jason Smyth, an event organised by the Killarney Chamber of Tourism and Commerce as part of its winter schedule, sponsored by AIB.

Attachments

Continue Reading

News

Deerpark Retail Park placed on market for fifteen million euro

Published

on

By

Deerpark Retail Park in Killarney has officially been placed on the market with a guide price in excess of 15.4 million euro, excluding VAT.

International real estate firm Cushman & Wakefield has been appointed as the sole sales agent to handle the high-profile commercial property sale on behalf of its current owner, Investcorp.

Investcorp, a global investment management firm headquartered in Bahrain, had previously acquired the prominent shopping complex.


The sale represents one of the largest commercial property offerings to launch in County Kerry this year.

Located roughly 1.3 kilometres west of Killarney town centre, the scheme enjoys strong regional connectivity and sits adjacent to independently owned operations including a Tesco Extra store, a Tesco petrol filling station, JYSK, and Aldi.


Constructed in 2006, the development extends across approximately 10,482 square metres, or 112,835 square feet.

The scheme comprises a mix of modern retail warehouse units and a complementary neighbourhood centre, offering 13 individual units in total with Part Open and Part Bulky Use planning permission.

The units range in size from 94.6 square metres up to 1,994.9 square metres. Visitors have access to approximately 248 customer parking spaces across the commercial grounds.

The park is currently 100 per cent occupied by a strong line-up of established national and international brands.

Key retail tenants include Marks & Spencer, Boots, DID Electrical, Maxi Zoo, and Mountain Warehouse.

The neighbourhood centre element accommodates service and convenience operators such as Costa Coffee, Card Factory, and Salon B.

The first-floor accommodation is fully let to Peak Performance Academy, which provides additional rental diversification.

Additionally, the scheme benefits from an agreement with Tesla to operate eight electric vehicle charging bays within the customer car park.


Commercial figures show that the property generates a total current rental income of 1,326,458 euro per annum, with a weighted average unexpired lease term of 4.45 years to break options and 6.46 years to lease expiry.

Cushman & Wakefield noted that the quoted guide price of 15.4 million euro reflects a net initial yield of 7.83 per cent, assuming standard purchaser costs of 9.96 per cent.

The selling agents highlighted that the fully occupied asset offers investors an attractive income profile alongside scope for additional income generation through parking commercialisation.

Attachments

Continue Reading

Last News

Sport