Cahernane House Hotel in Killarney has been sold to the PREM Hotel Group. The four-star hotel on the Muckross Road is the former home of the Herbert family and was being guided at €3m by joints agents Tom Spillane and CBRE. The PREM Hotel Group operates over 40 hotels in Europe, including Iasaac’s in Cork and the Ballykisteen at Limerick Junction. The 38-bedroom hotel is located 2km from Killarney town centre and was sold on behalf of the Browne family. Formerly the residence of the Herbert Family the Earls of Pembroke, Cahernane House Hotel dates back to the 17th century.