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Latest: Lough Erne Resort sold to American company

Lough Erne Golf Resort

The sale of the Lough Erne Resort, the venue for the 2013 G8 Summit has been confirmed.

It has been sold to a private hospitality company led by American billionnaire Tony Saliba.

The resort has been on the market since September 2012 and in a statement released today by the joint-administrators KPMG it was confirmed a deal had been agreed.

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“Stuart Irwin & John Hansen of KPMG are delighted to confirm the sale of the Lough Erne Resort, County Fermanagh, to Lough Shore Road Ltd, a private hospitality company, led by US based investor Tralee Portfolio Management, an affiliate of the Saliba Family Office.

“The purchasers have a long and successful track record in the hospitality sector in the United States and other markets. The resort, now firmly established as one of the premier golfing destinations in Western Europe, has been sold as a going concern following a competitive bidding process with interest from all over the world. We are delighted that the new owners will now provide stability and continued valuable employment at the resort whilst they develop exciting future plans for Lough Erne.

“Stuart Irwin commented that he would like to take this opportunity to thank the leadership team and staff at the resort for their commitment and professionalism during the sale process.”

A statement on behalf of the management of Lough Erne Resort stated:

“Our new owners have a long and successful track record in the hospitality sector in the US and other markets, and we welcome them to this island. Our new owners will also provide further continuity and stability for what is already a very strong product.

“Today isn’t just a good news story for Lough Erne Resort and its staff but for the region and for Northern Ireland as a whole. The investment shows a significant vote of confidence in what we know to be one of the best golf resorts in Western Europe and a world-class tourist destination.”

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The Fermanagh Herald is published by North West of Ireland Printing & Publishing Company Limited, trading as North-West News Group.
Registered in Northern Ireland, No. R0000576. 28 Belmore Street, Enniskillen, County Fermanagh, Northern Ireland, BT74 6AA