McManus buys €30m Adare Manor
Horse owner and gambler JP McManus has bought the five-star Adare Manor Hotel & Golf Resort for around €30m.
The multi-millionaire businessman first expressed interest in the hotel last November when it went on the market for around €25m.
US investor Tony Saliba, who recently bought Lough Erne golf resort in Co Fermanagh, was also linked to the property.
Mr McManus has had prior involvement with Adare Manor, having hosted his pro-am golf tournament there on two occasions.
It was first staged at the hotel in 2005 and involved Tiger Woods and Padraig Harrington.
The pro-am event returned to the Limerick hotel in 2010, this time playing host to Hollywood stars including Samuel L Jackson, Hugh Grant and Michael Douglas and raised around €41m for charity that year alone.
General manager of the luxury hotel, Anita Higgins, expressed her delight at the news.
"I am very happy to confirm that as of 30th January 2015, JP, Noreen and the McManus family are now the owners of Adare Manor.
"We look forward to working with our new owners who have previously hosted two JP McManus Pro-Am's here in the past."
The tournament has raised more than €100m for good causes, and although this year's event was cancelled, it is expected to return to the newly- acquired venture in the next two years.
The Co Limerick venue attracts around 75pc of its guests from the United States and was named Ireland's Leading Hotel at the World Travel Awards for the three years in a row up to 2013.
The venue has also hosted the Irish Open on two consecutive occasions, in 2007 and 2008.
The purchase of the luxury hotel has sparked rumours that the venue could play host to the Ryder Cup.
Although it may be too late to launch a bid for the 2022 event, a genuine bid for the 2026 is plausible.
Limerick TD Willie O'Dea told the Herald that any event such as the Ryder Cup would "be greatly welcome".
Mr O'Dea also added that Limerick would "rise to the occasion" if it hosted the event.