Ashford Castle Sold for €20 million

Ashford Castle

Ashford Castle

Ashford Castle, the magnificent five star castle hotel in Cong, Co. Mayo, Ireland, has just been sold to the UK based Red Carnation Hotels group.

Red Carnation group is a closely held hotelier that runs 14 four-and five-star properties. Red Carnation Hotels is an award-winning collection of five and four star family-run boutique hotels in London, Dorset, Guernsey, Geneva, Florida, South Africa and now Ireland.

The landmark castle property was sold on behalf of receiver Ernst & Young Ltd. through broker Savills Plc.

Commenting on the purchase, Ashford Castle’s new owner Beatrice Tollman, President and Founder of Red Carnation Hotels, said:

We are thrilled to have Ashford Castle as part of our collection and welcome the whole team to the Red Carnation family. Like the rest of our hotels, Ashford Castle is an iconic property, in a unique location and with a reputation for luxury and excellence, and we are delighted that we will be bringing some of Red Carnation’s signature touches to it.

Ashford Castle has 83 luxury bedroom suites, the main dining room with a number of private dining rooms, a drawing room, bar and a spa.

Joint receiver and manager Luke Charleton (of Ernst & Young) commented:

 In what has been a very challenging time and volatile climate for the hotel industry, it is particularly pleasing to have exсhanged contracts for the sale of Ashford Castle, maintaining 160 jobs in the Western region.

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