US property mogul Donald Trump has bought the five-star Doonbeg Lodge and Golf Club for an estimated €15 million.
The billionaire New Yorker, who has a range of golf interests around the world, said, “I am thrilled to announce that we have purchased yet another incredible golf resort. Doonbeg is an already terrific property that we will make ever better. It will soon be an unparalleled resort destination with the highest standards of luxury.”
Doonbeg Golf Club, to be renamed Trump International Golf Links, Ireland, is situated on over 400-acres fronting for 2 ½ miles the Atlantic Ocean and features an 18-hole championship golf links course designed by Greg Norman.
The Lodge at Doonbeg, consists of 218 hotel suites, an expansive spa and several restaurants all which will be managed directly by the Trump Hotel Collection.
Trump International Golf Links, Ireland will be the 12th hotel in the collection and is the fourth addition in less than one year.
Following a global marketing campaign by EY and selling agent Eastdil Secured, The Trump Organisation executed the purchase and sale agreements last Saturday.
Luke Charleton of receivers Ernest and Young commented, “there was a tremendous level of interest from domestic and international investors in this property. It is particularly pleasing to have sold this prestigious property to The Trump Organisation who have the vision and resources to take what is an internationally renowned tourism resort to the next stage”.
“I would like to thank employees of The Lodge at Doonbeg and Doonbeg Golf Club for their support and professionalism during the receivership process. I’d also like to thank the customers for their support,” he added.
Meanwhile, a report to Monday’s meeting of Clare County Council revealed €954,447.90 worth of damage was caused at Doonbeg Golf Resort following the January storms. However that figure does not include an estimate for the damaged arising from Storm Brigid.