Fota resort up for sale

FOTA ISLAND’S acclaimed Golfand Spa resort will be put on the open market by the National Asset Management Agency (NAMA) “within weeks”.

The five-star facility in east Cork was owned by the bankrupted property developer, the Fleming Group but NAMA are expected to appoint a selling agent shortly, the resort’s chief executive Jonathan Woods has confirmed.

“An agency will be appointed, they’ll go through the process of when and where the best place to present the product for sale is and then put in the public domain,” he said yesterday. “Once NAMA hand the sale to an agent, the auctioneer will advise on the best course of action going forward.”