Wednesday, May 18, 2011

IRELAND'S FIVE-STAR LOUGH ERNE RESORT IN ADMINISTRATION

Administrators have been appointed to the company which owns the Lough Erne five-star Hotel and Golf Resort in Enniskillen, County Fermanagh.
The luxury resort, which cost over £20million to build and opened in 2007, is located on a 600 acre peninsula between Castle Hume Lough and Lower Lough Erne and features the first golf course designed by Nick Faldo in Ireland.
John Hansen and Stuart Irwin of Belfast accountancy firm KPMG have been appointed as Joint Administrators of Castle Hume Leisure Limited.
John Hansen of KPMG said: "It is our intention to continue trading and keep this outstanding resort open for "business as usual'' including weddings and all other bookings. The Joint Administrators will seek to find a new owner however, in the meantime it is our intention to keep the business open and indeed drive the business forward at every opportunity."
He said that they hope no jobs will be lost.
"It is early in the Administration process, but our intention at present is to keep the workforce intact. We will keep all matters under review in the coming days and weeks."
An experienced hotel operator has been appointed to assist in the ongoing management of the resort in order to keep trading, meet current bookings and reservations and to secure future bookings for the resort.
The Joint Adminstrators said they hope to sell the resort as a going concern.
Mr Hansen said: "Given the great location and our stated intentions we hope that people will continue to book and our immediate objective is to secure operations, honour bookings and work with the existing staff. We will look at selling the resort in due course."
Jonathan Stapleton, general manager of Lough Erne, joined the hotel three years ago from the Old Course Hotel, Resort and Spa in St Andrews. He said the hotel was very much a going concern and profitable in its own right.

"We are going through a transition period, but we are assuring everyone that it is business as usual," he explained. "We are a world-class resort in the same league as Gleneagles and the Old Course."

"We are currently working towards being the first hotel in Northern Ireland with five AA red stars and three AA rosettes."







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