Joint Receivers and Managers, Luke Charleton and David Hughes of Ernst & Young are delighted to announce the sale of the iconic Ashford Castle in Cong, Co, Mayo. This property was marketed by Savills Hotels and Leisure and contracts exchanged for the sale on 21st May 2013. 

Following a global marketing process by joint receivers of Ernst & Young and selling agent Savills, the new owner, Red Carnation Hotels has exchanged contracts on the historic five star property and plans to operate the hotel as a leading branded hotel. 

Joint Receiver and Manager Luke Charleton said: “In what has been a very challenging time and volatile climate for the hotel industry, it is particularly pleasing to have exchanged contracts for the sale of Ashford Castle, maintaining 160 jobs in the Western region.   

The successful process demonstrates Ernst & Young and Savills global reach and expertise in marketing such a high profile, internationally renowned asset.  I would particularly like to thank employees for their professionalism and customers of Ashford Castle for their support during the receivership process.” 

The hotel has been trading successfully since the joint receivers and managers were appointed, this coupled with its prestigious brand played a major part in attracting the large number of expressions of interest from potential bidders across the UK, Europe, Far East, US and Australia. 

According to Tom Barrett of Savills; “This is an important sale for the Irish hotel industry and is a strong vote of confidence in the future of the industry from a leading international hotel and travel group. Ashford Castle is the jewel in the crown of Irish hospitality. Known throughout the world, it has attracted many high profile visitors.” 

Sean Greene and Norman Fitzgerald of Eversheds Solicitors, Dublin acted for the joint receivers.