Receivers appointed yesterday to the Lodge at Doonbeg and the Doonbeg Golf Club in Co Clare are hoping for an early sale.
Luke Charleton and David Hughes of EY said the lodge and the golf club would continue to trade as normal with all employees and suppliers being retained and no change in status for members of the club.
Events booked will go ahead and and deposits and gift vouchers honoured. Mr Charleton said he was aware that interest had already been expressed in the property and he was hopeful of concluding a sale as a going concern in a short timeframe.
The receivers were called in by the directors of three companies associated with the development – Doonbeg Property Ltd, Doonbeg Golf Club Ltd, and the Lodge at Doonbeg Ltd. The companies are controlled by the US investors behind the development, Kiawah Partners.
It is understood the decision to call in receivers is associated with debts secured on properties on the site, some of which remain unsold.
The debt is owed to Coral Doonbeg Holdings Sarl, which is based in Luxembourg.
