Receivers have been appointed to The Lodge at Doonbeg and Doonbeg Golf Club in Co Clare.
In a statement released this week, it was confirmed that the five-star property would continue to operate as normal as receivers work to secure a buyer for the resort.
Customers are advised that there will be no disruption to services as a result of the appointment, and events booked will go ahead as scheduled with all deposits and gift vouchers being honoured.
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The receivers were appointed by Doonbeg's American owners Kiawah Partners, a property developer which specialises in high end golf developments.
A spokesperson for Kiawah told the Irish Independent that the debts run up on development at Doonbeg, along with a deal to buy Kiawah Partners by another US firm, had led to the receivership order.
© 2014 - Hospitality Ireland Magazine by Enda Dowling