Luxury Irish hotel put on market for half of price from sale five years ago

Ashford Castle, a five-star hotel on 365 acres (148 hectares) of land on the west coast, is on the market for 25 million euros (US$32.46 million) — 25 million euros less than property developer Gerry Barrett paid for it in 2007.

The Irish hotel sector — which expanded heavily during the “Celtic Tiger” boom years — was badly affected by the downturn in the Irish and global economies. Property prices in Ireland have collapsed in recent years.

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