Golf News for Wednesday, February 12, 2014 | Courses

Trump Organization announces purchase of Ireland's Doonbeg Golf Club

NEW YORK CITY -- The Trump Organization announced their purchase of the spectacular Atlantic Ocean fronting Doonbeg Golf Club in County Clare, Ireland. The acquisition, which was highly sought after by many major hotel and golf companies, marks the 16th golf club in the Trump Portfolio and the 1st Trump Hotel Collection property in Ireland.

"I am thrilled to announce that we have purchased yet another incredible golf resort. From Trump National Doral, Miami to Trump International Golf Links, Scotland, known as "the greatest golf course in the world," we only have the best. Doonbeg is an already terrific property that we will make even better --- it will soon be an unparalleled resort destination with the highest standards of luxury," stated Donald J. Trump, Chairman & President of the Trump Organization.

Doonbeg Golf Club, to be renamed Trump International Golf Links, Ireland, is situated on over 400-acres fronting for 2 ½ miles on the Atlantic Ocean and features an 18-hole championship golf links course. The world-renowned course is named the "#1 Resort in Europe" by Condé Nast Traveler, a "World's Best" by Travel + Leisure and "European Golf Resort of the Year."

The Lodge at Doonbeg, consists of 218 hotel suites, an expansive spa and several restaurants all which will be managed directly by the Trump Hotel Collection, Trump's award-winning hotel management company --- the fastest growing luxury hotel company anywhere in the world. Trump International Golf Links, Ireland will be 12th hotel in the collection and is the 4th addition in less than one year following the announcements of Trump International Hotel, The Old Post Office, Washington, D.C., Trump International Hotel & Tower Vancouver and Trump Hotel Rio de Janeiro.

Recently named by Jerry Tarde of Golf Digest Magazine as "Golf's Greatest Builder Today," Mr. Trump has yet again proven his tremendous commitment and investment to growing and enhancing the game of golf. Over the past 18 months Trump has dominated the industry most recently with the addition of Trump International Golf Club, Dubai, Trump Golf Links at Ferry Point, which is located just 10 minutes from midtown Manhattan and Trump National Doral, Miami, home of the World Golf Championships - Cadillac Championship and the iconic "Blue Monster" Golf Course. Trump International Golf Links, Ireland is a welcome addition to this impressive collection of iconic properties and when complete, will soon be the finest resort destination in Ireland.

Following a global marketing campaign by EY and selling agent Eastdil Secured, The Trump Organization executed the purchase and sale agreements on February 8, 2014.

Luke Charleton of EY commented, "There was a tremendous level of interest from domestic and international investors in this property. It is particularly pleasing to have sold this prestigious property to The Trump Organization who have the vision and resources to take what is an internationally renowned tourism resort to its next stage." Mr. Charleton then added, "I would like to thank employees of The Lodge at Doonbeg and Doonbeg Golf Club for their support and professionalism during the receivership process. I'd also like to thank the customers for their support."

The acquisition of this distinguished resort was spearheaded by Luke Charleton and David Hughes of EY, Randall Evans and Peter Geissel of Eastdil Secured and Donald Trump Jr., Eric Trump and George Sorial, Executive Vice Presidents of the Trump Organization. Donald Jr. & Eric will be arriving in Ireland on Wednesday, February 12, 2014.

About TRUMP GOLF
Donald J. Trump, one of the foremost developers in the world, is committed to creating the best portfolio of award-winning courses and their accompanying amenities. Trump Golf courses offer a new level of challenge, luxury, service and performance. From Scotland to Miami Mr. Trump's portfolio consists of the most sought after clubs worldwide and are considered to have the highest standards in landscaping, golf course design, management, membership and service. The courses combine the most spectacular landscapes with the talents of the world's best golf course architects such as the Fazio Family, Pete Dye, Gil Hanse and Martin Hawtree, creating a timeless blend of beauty and challenge at every property. Today, The Trump Organization operates and manages 15 golf courses and has grown to become the finest collection of golf courses in the world. www.TrumpGolf.com

About TRUMP HOTEL COLLECTION™
Launched in October 2007, TRUMP HOTEL COLLECTION™ is the next generation of luxury hospitality - one that is raising the bar in the top-tier travel experience with a level of customized service unrivaled in the market today. Presided over by internationally renowned developer Donald J. Trump and his three grown children - Donald Jr., Ivanka and Eric - the prestigious portfolio includes the highly acclaimed Trump International Hotel & Tower® New York, Trump International Hotel & Tower® Chicago, Trump International Hotel™ Las Vegas, Trump International Hotel™ Waikiki Beach Walk®, Trump SoHo® New York, Trump Ocean Club® International Hotel & Tower Panama, Trump International Hotel & Tower Toronto®, and Trump National Doral® Miami. Trump® Hotel Rio de Janeiro, Trump International® Hotel & Tower Vancouver and Trump® International Hotel, The Old Post Office Washington, D.C., a redevelopment of the historic Old Post Office Building, are slated to open in 2016. Reservations can be made at www.TRUMPHOTELCOLLECTION.com or by calling (855) TRUMP-00 (878-6700). TRUMP HOTEL COLLECTION is headquartered at Trump Tower, 725 Fifth Avenue, New York, NY 10022. Connect with TRUMP HOTEL COLLECTION on its social media pages.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organisation and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organisation, please visit ey.com.

The Irish firm Ernst & Young is a member practice of Ernst & Young Global Limited. It is authorised by the Institute of Chartered Accountants in Ireland to carry on investment business in the Republic of Ireland.

About Eastdil Secured
Eastdil Secured, as the wholly owned real estate investment banking subsidiary of Wells Fargo and Company, specialises in arranging capital transactions within the private and public real estate debt and equity capital markets. Such transactions include the sales of properties, CRE mortgage loans, and corporate entities; the placement of mortgage, mezzanine, and entity level debt financings; and arranging joint ventures, recapitalisations, and platform level equity raises. With 14 offices around the globe, Eastdil Secured completed €141.5 billion of transactions in 2013.

Press Contact:
Amanda Miller
The Trump Organization
212-832-2000 amiller@trumporg.com

Julie Horn
DKC Public Relations
212-685-4300
Juliet_Horn@dkcnews.com

Barbara Nestor
Head of External Communications
EY Ireland
+353 (0)1 221 1233 or +353 (0) 87 9268066