5-star Kilkenny hotel coming on the market

A 5-star Kilkenny hotel is about to come on the market.

The Irish Times reports today that the Lyrath Estate hotel and spa on the outskirts of the city is to be offered for sale at less than half its original value.

CBRE Hotels are understood to be seeking offers of more than €20 million for the hotel which was put into receivership in 2012 by Bank of Scotland but is now profitable.