In recent years, there has been a significant growth in the number of people traveling to cities for business or leisure purposes, making it an attractive sector for investors looking to capitalize on the thriving hospitality industry. Galway Bay FM has learned that three well-known city hospitality properties are now on the market, providing an opportunity for savvy investors to acquire high-quality assets in prime locations. In this article, we will take a closer look at these three properties, their features, and potential investment opportunities they present.
Three notable hospitality properties in Galway City have been put up for sale by real estate agency O’Donnellan & Joyce with price tags ranging from €1m to €3m. Richardsons at Eyre Square, which features a bar and two floors of en-suite living quarters, is the most valuable property and could fetch up to €3m, according to the Irish Independent. Meanwhile, the Cooke family is selling their restaurant and wine bar on Abbeygate street, which has a guide price of €1.2m. The third property, Blake’s Tower at Quay street, previously occupied by Costa Coffee, features a historic section of Blakes Castle and is priced at €1.1m.
In summary, these three city hospitality properties in Galway are poised to make exciting prospects for investors and hoteliers looking to expand their portfolio. With a prime location, strong reputation, and significant potential for growth and development, the properties are sure to attract serious interest from buyers around the country and beyond. So, whether you are a seasoned investor or a newcomer to the game, now is the time to jump on these fantastic opportunities and join the flourishing hospitality industry in Galway. We will keep you updated on any developments and look forward to seeing what the future holds for these properties.
