Ace in the hole: golf courses fetch a total of Euro 90m this year

Ace in the hole: golf courses fetch a total of Euro 90m this year

High net worth investors are showing particular interest in golf courses that come with their own hotel.

Already this year, as many as ten golf courses have either sold or gone sale agreed with combined values of around Euro 90 million.

The values vary, depending on the quality of the hotels or club houses attached, and range from the Portmarnock Golf Hotel, which achieved around Euro 30 million, to the Hollywood Lakes course in north-west Dublin which had been asking around Euro 1.2 million.

However, agents report that some courses are selling for around agricultural...

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