The purchase of Lough Erne Resort has been completed.

The purchase of the five-star luxury hotel and golf resort near Enniskillen has been completed by a U.S. investment group led by Vine Avenue Advisors, LLC, headed by Michael Saliba, and TRU Hotels and Resorts, a hotel investment and management company founded by veteran American hoteliers Jeff Mahan and Mark Ward.

TRU will be overseeing the management of the resort which is expected to officially change hands this month.

Lough Erne Resort, built in 2007, was brought to the world’s attention when it successfully hosted the last G8 Summit in 2013. Last year it won the Northern Ireland Tourism Board’s ‘Hotel of the Year’ award, and it was recently selected to host the 2017 Irish Open golf tournament.

“We are excited about the potential not only of the hotel and the golf course, but also the region. The residents of Enniskillen and Fermanagh have been warm and extremely welcoming,” said Michael Saliba, CEO of Vine Avenue Advisors.

Mark Ward said, “We are thrilled to be involved with undoubtedly the most prestigious golf resort in Northern Ireland and the crown jewel of Northern Ireland tourism. Its location on Lough Erne is one of the most beautiful resort settings in the world, and the hotel compliments it by blending classic country house style with modern amenities and facilities, not to mention a world-class golf course.“ Andrew Phelan, General Manager of Lough Erne resort said, "Speaking on behalf of all the staff at Lough Erne Resort, this is an exciting time for both the Resort and the region. The team here is delighted with the completion of the purchase of the Resort by the new owners, and looks forward to working closely with them to further enhance Lough Erne Resort's international reputation."