Project Abbey

Various locations

Description du portefeuille

Project Abbey presents a rare opportunity to acquire two of Ireland’s best regional city centre hotels, comprising the Ormonde Hotel in Kilkenny, its adjacent multi-story car park and the Absolute Hotel in Limerick.

Spanning 217 keys in total and located amidst numerous strong corporate and leisure demand drivers, these prime assets offer a rare foothold into the prime urban markets of Kilkenny and Limerick City.

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Caractéristiques de l'actif

Nombre d'unités

217

Places de parking

741

Project Abbey (2 actifs)

Média

Points clés d'investissement

Prime Regional Locations Occupying coveted city centre locations in Kilkenny & Limerick, with high barriers to entry
Strong in place cashflow growing hotel and car parking portfolio revenue of over €15M in 2024
Three purpose built assets totalling 217 modern keys and 781 car parking spaces across 3 properties
Exciting performance growth portfolio revenue forecast to reach €16M in 2025, with further upside remaining
Robust hotel markets Kilkenny & Limerick hotel market RevPAR grew by 4% & 3% in 2024
Clear development potential numerous opportunities to add new hotel keys and repurpose spaces