The Park Hotel Kenmare and The Lansdowne Kenmare have been put up for sale with guide prices of €17m and €3.5m respectively.

The two hotels are owned by the Brennan brothers, John and Francis, and are being offered for sale individually or together by Private Treaty with a combined guide price of €20.5m.

CBRE Hotels is handling the sale of the hotels.

Located in Kenmare in Co Kerry, the 5-star 41-bedroomed hotel Park Hotel Kenmare has five dining centes, a lap pool, an infinity pool, a private cinema and a luxury spa.

A total of €3m has been invested in the hotel in recent years which included the refurbishment of all the bedrooms, corridors and a complete renovation of the group floor public areas and kitchen.

The Lansdowne Kenmare is a 28-bedroom boutique hotel located in the heart of Kenmare town. The 4-star hotel underwent a complete refurbishment in 2021.

John Brennan and Francis Brennan said that after 43 years at the helm of the Park Hotel Kenmare, they have taken the decision to exit on a high and place the hotel on the market together with its sister property.

"The Park has enjoyed a wonderful life making many peoples stay with us memorable and while only in its infancy, The Lansdowne Kenmare, is following in its footsteps," the Brennans said.

The Lansdowne Kenmare hotel

"Nothing is forever and while we have invested heavily in recent years to ensure both properties are pristine, we feel the time is right to take some time to ourselves, pursue other interests and business opportunities," they added.

Paul Collins, Executive Director, Head of Hotels Ireland at CBRE, said the sale offers purchasers the opportunity to acquire the two hotels as a single lot, and benefit from the economies of scale, or they can be purchased individually.

"The hotels are trading exceptionally well and there is the potential for further development adjacent to both properties, subject to obtaining planning permission," he noted.

Hotelier Francis Brennan said now is the time to sell the Park Hotel Kenmare.

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Business is very good and the hotel is in pristine condition and it's "better to go out on the top", he told RTÉ's Today with Claire Byrne show.

Mr Brennan said that closing the hotels during the pandemic gave them the luxury of time.

"We kind of got to like that and realised that there's more to life than working seven days a week," he stated.

Francis Brennan said he spent the day on the phone yesterday calling regular guests to tell them about the decision.

"Our hope is that whoever takes over the hotel will have the same ethos as us," he said.

He said it will probably be business as usual this summer until the sales are completed and after that, he will be kept busy with his work with Dunnes Stores.

John Brennan said the brothers will keep the Dromquinna Manor Hotel which will "give us more than we need in life".

He agreed with his brother that selling the two hotels will give them more time for themselves and that there is a life cycle in hotels.

Today is a very happy day, he said, and it is a relief that the news of their decision has broken publicly.

But he added that it t was difficult to tell long term staff - some of whom have been in the Park Hotel for 40 years - about the decision.