Midleton Park Hotel has been sold to the Talbot Hotel Group. The sale was handled by Savills on behalf of David Carson, Receiver, Deloitte. The hotel was marketed by Savills in April 2013 with a guide price of €2.5m and was sale agreed in June 2013 for a figure believed to be in excess of the guide price. 

With the sale now complete, the new owners have secured all 80 jobs in the hotel and have commenced an extensive refurbishment programme to bring the property to a modern standard. This includes the refurbishment and investment in the main function room, restaurant, bar and bedrooms.

Talbot Hotels, managed by Philip Gavin, already have three 4 Star hotels in their 340 bedroom portfolio, including the Talbot Hotels in Wexford and Carlow and the Stillorgan Park Hotel.

The 3 Star Midleton Park Hotel was established in the early 1990’s and features 79 bedrooms, bar and restaurant, conference and banqueting facilities, and leisure centre. The hotel can cater for functions for up to 300 guests. The leisure centre, which was added in 2000, includes an 18 metre swimming pool, outdoor hot tub, sauna, steam room, fully equipped gym with approx. 1,500 leisure club members. Total site area of approx. 3.75 acres. 

The hotel is situated on Cork Road, a high profile site, only a two minute walk from Midleton’s main street and only 22km from Cork City. The town has expanded rapidly over the years and is recognised as a commuter destination. It benefits from great proximity to the N25 Cork to Waterford Road and has a regular train service to Cork City. 

Philip Gavin of Talbot Hotels said, “As the only hotel in Midleton, with a population of over 12,000, this hotel serves as a very important facility for the local community. We are making a long term commitment to the hotel and Midleton, and we are already investing in the hotels facilities in order to ensure an excellent customer experience.”

According to Denis O’Donoghue of Savills; “The sale of Midleton Park Hotel is a good indicator of the strong domestic interest in Irish hotel assets. The hotel market continues to recover, driven by a 6% increase in tourism numbers in 2013 and increasing consumer confidence. We expect 2014 to be another very busy year for hotel sales.”