The four-star Carton House hotel and golf resort in Maynooth, Co. Kildare, has been bought by Irish American businessman John Mullen for a reported €57 million.
The resort, which includes a 165-bedroom hotel and two championship golf courses, was sold on behalf of the Mallaghan and Kelly families.
The Irish Times reports that Mullen's parents are from Co. Mayo and this will be a personal investment and his first in Ireland, adding that he is he founder and chairman of the Philadelphia-based Apple Leisure Group, which includes an international travel business and a resorts division.
The Mallaghan family, who had a 40-year association with the property, and the Carton Development Partnership, confirmed in July they had "reached consensual agreement with Nama to put Carton House Resort on the market".