Northern Ireland

No buyers for the Lough Erne resort following G8 summit

lough erne resort aerial view
Image caption The G8 Summit has been taking place at the Lough Erne resort.

The administrators in charge of the Lough Erne resort, which has been hosting the G8 summit, say they have had no specific offers to buy the hotel as a result of the attention it is receiving.

But accountants KPMG say they are "very hopeful that the profile will assist in the sales process".

The 120 bedroom County Fermanagh resort is for sale for around £10m after its previous owners went into administration in 2011.

It is estimated to have cost £35m to develop.

The five-star hotel and championship golf course was originally put on the market in September 2012, but was taken off again two months later after a fire caused substantial damage to the pool area.

G8 Summit

The following day, Prime Minister David Cameron announced it would be the venue for the summit of G8 world leaders.

The resort opened in 2007 but went into administration in May 2011.

At one stage, it was valued at about £30m. When the owners, Castle Hume Leisure, went into administration, they owed Bank of Scotland Ireland £25m.

The hotel has 120 rooms and suites. Its facilities include a dedicated conference and banqueting space for 400 people, five food and beverage outlets and a Thai spa.

The complex has two championship golf courses - the Castle Hume and the signature Faldo course - two floodlit driving ranges and boasts the only Nick Faldo Academy in Europe.

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