Brexit uncertainty as well as VAT increases have been cited by the estate agent handling the sale of a Tory Island hotel for its failure to secure a buyer, as The Irish Times reports.
Afloat.ie noted in April that the 14-bedroom Óstan Thóraigh was put on the market for €400,000 — less than the asking price of many Dublin homes.
The hotel has been the centre of life on the Co Donegal island for over a century, counting Irish revolutionary Roger Casement among its storied guest list, and is being sold as a going concern.
But by the deadline of Wednesday 31 July, no “satisfactory” offer had been received for the property, according to Gareth McLarnon of Glenn Estates — who also raised the prospect of “negative publicity” around visitor numbers to Ireland’s most north-western county.
The Irish Times has more on the story HERE.