Donald Trump set to purchase Doonbeg golf resort for €15m

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”.

© Irish Examiner Ltd. All rights reserved

Email Updates

Receive our lunchtime briefing straight to your inbox

More in this Section

DJ: I was dancing to drug gang’s tune

Cork to US flights get green light for takeoff

Taoiseach denies any NY snub by Donald Trump

Families of missing persons plead for more resources for searching


Breaking Stories

Fianna Fáil indicates support for charge on excessive use of water

Tests carried out on guns after gangland killing

Concern for Pádraig Pearse's final letter of surrender which looks set to leave Ireland

VIDEO: Firefighters brave exploding oil tank to avert tragedy in Cork

Lifestyle

Top eight foodie gifts for Christmas under €10

How to be a better person in the digital age

Dublin Strolls provides a guide to the rich interiors of the city's architecture

The people behind the gardens

More From The Irish Examiner