The clubhouse at Moyvalley.
The clubhouse at Moyvalley.
Moyvalley Hotel and Golf Course at Enfield has now been sold to a consortium that includes well-known Monaghan horse trainer Oliver Brady and his business partner Rita Shah.
Dermot Curtin of CBRE Hotels has confirmed that the new owners took over the entire resort property in recent days.
The Moyvalley Hotel and Golf Resort was put on the market some months ago by the Receiver, Padraic Monaghan of KPMG and attracted strong interest from a wide range of parties from all parts of the globe.
The new owners are a consortium of successful business people who already have a strong local and international investment portfolio. The group is led by Mr Brady, the successful race horse trainer and businessman, along with his international business partners, Jane Tripipatkul of Thailand, her Irish-born son Mark McCarthy, and Rita Shah, business entrepreneur and board member of Enterprise Ireland.
Oliver Brady and Rita Shah are both directors of Shabra Plastics and Recycling Ltd, based in Monaghan. Their international partners, Jane Tripipatkul and Mark McCarthy, are both London-based. The consortium bought the Resort as a going concern and are intent on further developing its reputation as a much sought after wedding and leisure breaks destination. The new owners have retained all of the existing employees at the resort and plan to expand the facilities to its full potential and by doing so, provide employment for up to 70 or 80 people over the next three years.
The hotel and golf course sits on an expansive 186 hectare (460 acres) estate - which was originally the ancestral home of the More O’Farrells, next to the M4 motorway, and has as its centrepiece the historic Balyna House.
The resort was developed from new in 2006 and comprises a modern hotel building with conference and function facilities and 54 stylish and fully air-conditioned bedrooms, bar and restaurant; the ornate Balyna House, a 19th century Italianate manor house with 10 suites and an adjoining abbey, both of which were recently painstakingly restored; 47 separate two and three bedroom holiday cottages and apartments; a superb inland links style golf course designed by Open Champion Darren Clarke.
Also included is a palatial two storey self-contained golf clubhouse with an array of function/meeting rooms, pro shop, superb lounge bar with panoramic views overlooking the course, three sided deck terrace, restaurant, spacious locker rooms and a modern, fully fitted green-keeping maintenance building. The Moyvalley Golf Club is a registered club with the Golfing Union of Ireland (GUI) and operates as a proprietary golf club with an active membership.
The hotel and golf business already produces significant accommodation, food and beverage revenues from a very strong pipeline of quality weddings and function bookings and, the new owners have extensive expansion plans to promote the top quality golf facilities and to further develop the golf business by attracting new members and more groups/ societies and visitors to Moyvalley.
The property - which is in excellent condition throughout – is to continue as a family orientated resort with over 80 wedding receptions already booked in for this year and are on track to have a similar number for 2015. The Darren Clarke-designed golf course will reopen for play on the 9th May next and the plan is to attract many new members at what will be very good value, special introductory rates.