THE Tralee Central Hotel in Maine Street has come on the market with a guide price of €1m.

The hotel, formerly known as the Abbey Gate, was run by the Carlton Hotel group from 2013 and rebranded as the Tralee Central Hotel. It closed its doors in January of this year. According to the estate agents the property “requires minimal investment to reopen”.

Constructed in 1994, the hotel is a Failte Ireland registered 3 Star with 100 bedrooms. It is laid out over 3 floors and has the benefit of approximately 40 off-street car parking spaces on either side of Maine Street.

Hotel accommodation includes two Bars and a Restaurant at ground floor level which was recently redecorated. There are two meeting rooms (one at first floor) and a main function room capable of accommodating 260 people. The function room is at ground floor level, has a large bar and excellent natural daylight.

Property consultants, Savills, and Ger Carmody Auctioneers, have been appointed as joint selling of the Hotel on behalf of Aiden Murphy, Receiver, Crowe Horwath.

“This is a good quality hotel asset and represents a unique opportunity to acquire a hotel business requiring minimal start-up costs in an excellent business and leisure location,” said Denis O’Donoghue of Savills.