A prominent Naas hotel could be in new ownership by the end of the month. Speculation that the four star Killashee House Hotel, located at Kilcullen road, has been sold was played down last week by Jack Tierney, a director of Craigfort Taverns, which operates the hotel.
Asked if the 141 bedroom hotel had been sold Mr. Tierney told the Leader: “Not, it’s not true at this stage.”
He added it would be a few weeks before any news on a possible sale materialises and said that any sale decision would have to take into account the fact that the business is under examinership.
In May, a High Court judge approved protection and examinership for companies operating both Killashee House Hotel and Lawlor’s Hotel - with which Allenwood native Mr. Tierney is associated. Both employ a total of 250 people - 182 of them at Killashee.
Prior to the appointment of an examiner, another director Denis McCoy said both hotels are trading profitably and operating profits for the combined operations exceeded €2m. in 2013.
Killashee House Hotel is among the most impressive hotels in the region and was a symbol of the emergence of the Celtic Tiger economy locally.
It has a helicopter landing pad from which racegoers were ferried the short distance to Punchestown Racecourse in better economic times.
There is speculation that Brehon Capital partners, a private equity firm specialising in property investment and based in Dublin, is involved in talks to purchase the hotel. Brehon and entrepreneur Emmet O’Neill acquired the Mount Juliet hotel and golf resort in Kilkenny, paying a reported €15m.
Brehon did not comment, when contacted by the Leader.