Irish investors inspect Kilternan complex

Irish investors have outnumbered overseas interests by three to one on inspection tours of the Kilternan Hotel and Country Club which is for sale through Marcus Magnier of Colliers International.

The agent is quoting between €5 million and €10 million for the 300 acre unfinished complex on which €171.5 million was spent in borrowings from Irish Nationwide Building Society. Most visitors to the 16,435sq m (176,903sq ft) complex are spending up to two hours inspecting the partially completed hotel, sports centre, apart hotel and the extensive acreage.