Pillo Hotel in Ashbourne, Ireland, goes on the market for €8M

In Ashbourne, Ireland, The Pillo Hotel--owned by a business syndicate headed by Paddy Kelly and John McCabe--is up for grabs with an asking price of €8 million through Savills Hotels & Leisure.

According to the Irish Times, the 148-room four-star hotel is being sold on the instructions of Kieran Wallace of KPMG, who was appointed receiver by the former Anglo Irish Bank. 

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The hotel first opened for business in 2007 under the Marriot brand, but the new owners will be able to operate under a different brand. Aaron Spring of Savills told the Irish Times that the hotel is "well placed" to benefit from improved trading conditions.

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