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Brexit Blamed As Historic Tory Island Hotel So Far Fails To Find A Buyer

22nd August 2019
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Óstan Thóraigh is located right at Tory Island’s main harbour Óstan Thóraigh is located right at Tory Island’s main harbour Photo: Glen Estates

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.

MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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