We are delighted to announce that we have completed the acquisition of the well-known Aspect Hotel Kilkenny, bringing our portfolio of owned hotels in Ireland up to six. PREM Group has leased and managed The Aspect Hotel since it opened in 2006. This 80-bedroom hotel is located just five minutes’ drive from Kilkenny city centre on the N10 Ring Road which surrounds the city, making it a popular location for meetings, corporate stays and leisure breaks. The hotel currently has four conference and meeting rooms, a bar and restaurant.
Following the purchase of the property, we plan on investing more than €1 million into an extensive refurbishment of the Aspect Hotel. The refurbishments will be creatively designed under the guidance of celebrity architect Hugh Wallace and will see upgrades made to the lobby, bar, restaurant, meeting rooms and a selection of bedrooms.
Speaking after the acquisition of the Aspect Hotel Kilkenny, our CEO Jim Murphy, said; “We are delighted to have completed the purchase of the Aspect Hotel because we see huge potential in this property. Kilkenny is an ideal location for corporate clients as it acts as a link on the eastern corridor between Cork and Dublin, and this property is in a perfect location that will be accessible to those travelling for meetings or for a leisurely break in this beautiful medieval city.” “We have invested significant amounts in various hotels around Ireland of late, and we are enjoying some immediate success on the back of those renovations. I expect that the Aspect Hotel will be no different as we are looking to create a really unique finish that will appeal to all types of guests.”