American property mogul Donald Trump is in the frame to purchase the five-star Doonbeg golf resort in Co Clare for around €15m.
The flamboyant New Yorker, who already owns a suite of 15 golf resorts around the world, is understood to be close to agreeing a package to purchase the resort from investment fund company, King Street.
Ernst & Young’s Luke Charleton and David Hughes were appointed receivers last month, and expressed their confidence at the time that a sale would be completed within six weeks.
The sale includes the five-star Lodge hotel and the spectacular links golf course, plus seven unsold suites. It is understood that existing property owners will retain all rights under the terms of any sale agreement.
Trump, who recently developed a much-heralded links course in Aberdeen, is now regarded as a strong favourite to purchase the Doonbeg resort, with a New York announcement imminent, according to sources.
The resort’s general manager, Joe Russell, said last month that those who had declared an interest in the purchase “have money”.
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