Tipperary Independent TD, Mr Michael Lowry has welcomed the news that the sale of the historic Cashel Palace Hotel has now been successfully concluded. “The substantial investment involved in this transaction is most positive news, not just for the town of Cashel, but also for tourism service providers throughout the county of Co. Tipperary and surrounding counties” stated Lowry.
Speaking yesterday Deputy Lowry said that he is pleased to have had the opportunity to assist and encourage this project from conception to conclusion.
“I am extremely impressed by the dedicated commitment given by the new purchasers; to restoring and expanding their latest acquisition as a commercial venture and in particular their enthusiasm in planning to make the existing hotel an integral part of the town, thus boosting, not just the present local economy but others further afield”, stated Deputy Lowry
Confirming the identification of the purchasing consortium, Deputy Lowry stated “Both the Magnier and O’Brien families have had a long and treasured association with the Cashel Place Hotel. It has been a pleasure to meet with their partner in this business, Mr. Teo AH Khing, (Mr Teo Ah Khing is the architect who designed the fabulous grandstand at Meydan in Dubai; latter truly an extraordinary architectural feat.) who is an impressive International businessman with interests already in the hospitality sector. The consortium are currently formulating exciting plans for their new acquisition, latter which will bring about enormous value to Cashel and indeed the surrounding areas.”
Deputy Lowry continued, “The Rock of Cashel remains a renowned ‘International Jewel’ within the Irish tourism sector, attracting over 300,000 visitors annually to Co. Tipperary. In the past, the town centre has not truly reaped the full benefits financially normally associated with this high volume of tourist traffic.
Indeed from a tourism perspective Cashel has had a major infrastructure deficit. In the past it did not have the necessary capacity to accommodate a fraction of the visitors, who may have wished to ‘halt awhile’ in this historic town and to explore the many other magnificent visitor attractions not just in Cashel, but in Co. Tipperary, now being marketed as a fully con-joined county.
The appointed design team and archaeological specialists now have developed an exciting vision which will include and respect the traditions and heritage associated with Mikey Ryan’s Pub. They are having regular on-going discussions with senior management in Tipperary County Council and other appropriate state agencies.
The design team are familiarising themselves with the Cashel town plan, latter which emphasises the benefit of closer connectivity between the actual Rock of Cashel and the town which has developed ‘neath its shadow. They are confident that plans can be achieved through the reconfiguration of parking, improved access to the town and newly recreated pedestrian walkways”.
Michael Lowry is confident that the new owners of the Cashel Palace are more than willing to co-operate where practical, with the implementation of any future envisioned Cashel town plan.
“This is a most welcome development by this consortium, who have not just the financial resources, but also the vision, commitment and expertise to ensure and future sustain this acquired hotel amenity well into the future. The hospitality and catering on offer under this new plan will bring lasting long-term benefits to the economy of the whole town of Cashel”, concluded Michael Lowry, T.D.