Thai golf guru tees up bid for Fota Island

A wealthy Thai businessman with an impressive portfolio of Asian golf properties is one of the favourites to become the new owner of the prestigious Fota Island Resort in Cork, with a sale expected to go through this month.

The luxury five-star hotel, golf, and spa resort near Cobh has been on the market since May through Colliers International and Cohalan Downing, under the instruction of receivers PricewaterhouseCooper.

The 500-acre property — which boasts 27 championship golf holes, the hotel, and 59 lodges — was transferred to Nama when the owners Fleming Group went into receivership.