Glencarn sold for €850,000

Hotel makes €100,000 over guide price

A private Irish investor has bought the 31-bedroom Glencarn Hotel in the centre of Castleblaney, Co Monaghan, for €850,000 – a full €100,000 more than the guide price set by DTZ Sherry FitzGerald.

Kirsty Rothwell of DTZ said the sale of the three-star hotel with leisure centre reflected the recovery that was under way in areas outside the larger city hubs.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times