Limavady’s Roe Park hotel and golf resort on the market for £14m

The four-star Roe Park hotel and golf resort in Co Derry has gone on the market for £14 million.

The 118-bed hotel near Limavady has been independently owned since it opened in 1995.

The extensive site includes an 18-hole parkland golf course, a driving range, golf academy, spa, two restaurants, bars and a health club.

The Roe Park Resort also has three self-catering properties with plans submitted for the development of a further 11 detached self-catering units.

Ownership of the hotel business is shared between Charles Conn, Kevin McKeever and Alan Wilton.

The directors have invested in the region of £3 million in the past three years, upgrading the hotel’s wedding and events facilities, bedrooms, golf course and developing a third self-catering property – the Gate Lodge.

The latest accounts for the hotel business show it recorded a pre-tax profit of £943,000 in 2022 on a turnover of £7.4m.

Alan Wilton, who chairs the company’s board of directors, said: “Roe Park Resort holds a very special place in our hearts, and we are extremely proud of the successful and stable business it is today.

“After almost 30 years, the directors believe that the time is now right for new owners to take up the reins and see the resort continue to thrive into the future.”

The sale of the asset and its 5,154 metre parkland PGA standard golf course, comes one year before The Open Championship returns to Portrush, just 22 miles away.

The golf major attracted around 240,000 visitors to the north coast when Royal Portrush last hosted the competition in 2019.

Three hotel projects are currently under way in the north coast town, with Andras House investing £11m in the new Marcus Hotel, while the five star Dunluce Lodge is due to open this autumn following a £16.5m investment.

The 28-bed Adelphi Hotel has also closed in the centre of Portrush, with US investor AJ Capital Partners due to reopen it next year under its exclusive Marine & Lawn golf hotel brand.

“This is an exciting transition for Roe Park Resort,” said Mr Wilton.

“One which provides a great opportunity for the resort and the team to develop even further under new ownership.”

The listing of the golf hotel comes just two months after the Slieve Russell Hotel and golf resort in Co Cavan went up for sale with a £30m price tag.