The Chinese-owned firm that operates the luxury Fota Island Resort hotel in Cork recorded pre-tax profits of just over €113,000 in its first year in business.

Irish hotels are back in business - they’ve sold like hot-cakes during 2014, with over 50 finding new owners, with €450m changing hands in the process.

Marfield House sits on 390 acres and has planning for a golf course and hotel.

As 156 golfers and 100,000 fans prepare to descend on Fota Island Resort, Dave Kenny says staff are ready for the challenge

Just gone ‘sale agreed’ with DTZ Sherry FitzGerald is the site of the former Crow’s Nest bar in Cork’s western suburbs, at Victoria Cross, near UCC, County Hall, and the Kingsley Hotel.

Sq m: 149 (1,600 sq ft)

More than 180 hotel jobs in Tipperary and Cork have been secured with the sales of two well-known county hotels, The Anner, in Thurles, and the Midleton Park Hotel, in Cork.

An entrepreneurial Irish property broker has made a move into the Chinese market, opening an office in Shanghai to lure cash-rich Chinese buyers to European purchases.

It wouldn’t do for hundreds of thousands of visitors to have to navigate through bunkers on a road instead of an adjoining golf course — which is why a road repair project is being fast-tracked ahead of the Irish Open.

A second multi-million euro hotel swoop by Chinese buyers has been made on the flood-ravaged Kingsley Hotel in Cork City.

The Thai-Chinese billionaire who is buying the 500-acre Fota Resort for more than €20m is likely to make further Irish investments — and spend heavily on Fota, guaranteeing its future and jobs.

BOTH the Parknasilla Hotel and the Cork International Airport Hotel have overseas buyers, the first in legals, the second sold to Phillips Hotels Ltd for approximately €5m. So Savills’ successful run of sales shows it’s not just the Dublin hotel market (where the 500 bed Burlington’s selling for €70 m to the private equity group Blackstone) that’s attracting investors.

BIDS are at an advanced stage and heading towards €20m from European and Asian parties on the Fota Island Resort in Cork harbour this month, as Kerry’s Parknasilla gem joins Fota on the international sales market.

THE 500-acre Fota Island Resort in Cork harbour, which is expected to make between €20 million and €25m, is to get an international sales campaign in January.

GOLF directors at Cork’s Fota Island Resort insist it is business as usual despite the appointment of a receiver at the prestigious facility last week.

Seamus Leahy has been appointed director of marketing for the 780-acre Fota Island Resort in Co Cork — which includes a mix of championship golf courses, hotel and spa, residential lodges, a golf academy and a planned marina.