Trump organisation’s Doonbeg investment pays off for its 100% shareholder

THE MILLIONS BEING invested by the Trump organisation into the US President Donald Trump-owned Doonbeg golf resort in west Clare are beginning to pay off as revenues at the resort in 2016 soared by 30% to €6.5m.

Trump’s son Eric has a hands-on role in overseeing the investment in Doonbeg. He said: “It is incredibly gratifying to see our vision for Trump Doonbeg come to life. I continue to be impressed by the beautiful product and the business improvement at the property.

“Each and every time I visited this year, which was quite a few times, I appreciated not only the beauty of the resort but also the community, the region and the friendliness of the Irish people. I look forward to returning in the coming year and helping our world-class team make Doonbeg one of the finest resorts in the world.”

General manager of the Trump Doonbeg enterprise, Joe Russell, said today that the resort “continues to grow from strength to strength and 2016 proved to be the best year’s trading since the full resort facilities opened in 2006”.

He was commenting on new accounts filed by the Trump-owned TIGL Ireland Enterprises Ltd to the Companies Office which show that revenues in 2016 increased by 30% from €4.8m to €6.5m as operating losses almost halved to €807,090.

Russell said that the golf operation enjoyed ‘“record green fee business and a steady flow of new members joining the club” while there was also renewed interest in the resort’s property operation.

The accounts show that €8m was ploughed into the resort firm in 2016 and 2015 by the Trump organisation.

Building the ‘wall’

There was some consternation locally in Clare in the past year as the resort had applied to build a ‘wall’ off the coast of Doonbeg for “the development of coastal erosion management works” at the golf links and hotel. Environmental activists had lobbied against the application saying that the sensitive nature of the dune system on that part of the coastline would “change the whole way the dune system works” and potentially jeopardise the beach.

However, Clare County Council granted permission on 21 December last for the two new protection structures mooted by the Trump organisation at the dunes beside the golf course. Appeals can be made to An Bord Pleanála against the decision over the next four weeks.

General manager Joe Russell said that the coastal protection works are “critical to the future of this business, its growth, sustainability and economic impact locally and in the region”.

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