THE FIVE-STAR Druids Glen hotel and golf resort has gone on the market with a guide price of €45 million – two years after one of the companies behind the operation emerged from examinership.
The luxury resort, located near Newtownmountkennedy in Co Wicklow, has hosted a number of prestigious golf tournaments, including several Irish Open events during the late 1990s.
The 145-bedroom hotel, which first opened in 1995, is located on a 349-acre site that is also home to two, 18-hole championship golf courses, Druids Glen and Druids Heath.
The property was upgraded to a five-star, Marriott-branded resort in 2002 and went through a full refurbishment in the past four years. It includes eight conference and event rooms, a spa, health club and three dining venues.
Commenting on the sale of the hotel, Druids Glen Hotel and Golf Resort chief executive Edward Stephenson called it “one of Ireland’s key destination resorts”.
The company behind one of the golf courses, Druids Glen Golf Club Ltd, went into examinership in May 2016 after flirting with insolvency.
A fund, Gulland Property Finance, claimed it was still owed €4.85 million by a Druids Glen-related company after acquiring the loan from the now-defunct Anglo Irish Bank several years earlier.
However the debt was later satisfied and the firm emerged from the process. The companies behind the hotel and country club, and the Druids Heath golf course were not involved in the court action.
Tom Barrett of Savills Ireland, the company heading the sale, said the Druids Glen resort was “one of the jewels in Irish hospitality”.
Reporting by Stephen McDermott and Peter Bodkin.