U.S. business magnate Donald Trump continued his spending spree this week by snapping up a 400-acre golf resort in Ireland, which was designed by legendary golfer Greg Norman.
Trump said he was "thrilled" with the purchase of Doonbeg Golf Club, on the Atlantic coast in County Clare, which will be renamed International Golf Links, Ireland.
"We only have the best. Doonbeg is an already terrific property that we will make even better --- it will soon be an unparalleled resort destination with the highest standards of luxury," Trump, chairman and president of the Trump Organization, said in a statement on Tuesday.
The 5-star resort - which went into receivership in January - was opened in 2006 and includes a hotel with 218 suites, a spa and several restaurants.
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It will be the 12th hotel owned by the Trump Organization, although its first in Ireland. It also marks the 16th golf club in the Trump portfolio.
The organization has not disclosed the amount paid for the resort, but local media reports suggest that the transaction is worth between 11 million and 15 million euros ($15 to $20 million).
Donald Trump's son, Eric, pledged to create new jobs at the former Doonbeg Golf Club, and protect the jobs of those already working there. The number employed at the resort rose to 230 people at the height of last summer.
Speaking to local radio station Clare FM, Eric said he was due to arrive in Doonbeg to inspect the purchase on Wednesday.
A local resident of Doonbeg, who has lived in the village for most of his life, told CNBC he thought the deal would be good for the local area, with an increase in jobs beneficial to both the village and nearby Shannon airport.