Business news

Bank of Ireland supports Multi-Million Pound Refurbishment at Lough Erne Resort 

Posted By:
Bank of Ireland UK

3rd Sep 2024

Northern Ireland’s first five-star hotel, Lough Erne Resort is set to mark the completion of its latest phase of investment with a luxurious interiors refurbishment of the resort’s 53 guest bedrooms, 6 suites, 25 luxury lodges and communal areas. 

Supported by Bank of Ireland, the latest phase of investment has also seen works undertaken to strengthen the iconic bridge, which links the resort to one of two onsite Championship golf courses.

The refurbishment comes with less than a year to go until the 153rd British Open Championship at Royal Portrush, which is expected to draw thousands of golfing tourists and visitors to Northern Ireland and provide significant economic returns and opportunities across the tourism and hospitality sector.

The interiors refurbishment is the latest phase of Lough Erne’s largest capital injection since it came under the management of US-based TRU Hotels and Resorts, co-founded by Mark Ward and Jeff Mahan.

Speaking about the investment in the resort, Jeff Mahan, TRU Hotels and Resorts says: “Lough Erne Resort is a truly world-class leisure destination which provides luxury accommodation enveloped by water, wild countryside and landscaped gardens.  We see our role as custodians of this beautiful resort and remain focussed on investment and innovation to retain that world-class status.

“With increasing demand for wellbeing, mindfulness and connection to nature, the interiors refurbishment has been designed to complement the beauty of our countryside setting, reflecting the natural assets of the resort’s peninsula.

Mark Ward, TRU Hotels and Resorts says: “Throughout this phase of investment, Bank of Ireland have been a supportive partner.  Gavin, Tommy and the team have taken time to really understand our business and our investment plans.  Lough Erne Resort is a unique leisure experience and Bank of Ireland have spent time to get to know our business and our ambitions, providing the right financial support at the right time to help us achieve our goals.”

Gavin North, Senior Business Manager, Bank of Ireland UK says: “Lough Erne Resort is one of Northern Ireland’s most preeminent hospitality destinations and remains so due to the continued innovation and investment by the TRU Hotels and Resorts to deliver exceptional experiences for visitors.

“We are proud to work closely with Mark, Jeff and the TRU Hotels and Resorts team to provide the financial products and services they need to succeed.  Hospitality and tourism are key contributors to our economy, generating income and employment, and we are pleased to play our part in enabling Lough Erne Resort and may other tourism related industries to thrive.”

Further information on the support available for business from Bank of Ireland UK is available at: Business – Bank of Ireland UK