It is expected that K Club hotel and golf resort owner Michael Smurfit will agree to the sale of the property to preferred bidder Michael Fetherston in the coming weeks.
Nearing A Conclusion
Negotiations with Fetherston, who is a hotelier and nursing home operator, are reportedly nearing a conclusion, and, according to The Irish Times, sources have suggested that the Co. Kildare property will be sold for approximately €70 million.
The Irish Times quotes a spokesperson for Smurfit as saying, "It is an ongoing process with a preferred bidder, but no definitive agreement yet. I don't think it's too far away, but it's not sale agreed."
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© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.