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€20m K Club revamp to add 70 hotel bedrooms

A planned €20m redevelopment of the K Club would see 70 bedrooms added to the luxury hotel and golf resort, more than doubling the existing number.

Plans are to be lodged with Kildare County Council seeking permission for the proposal.

Located in Straffan House, the 69-bedroom resort hosted the 2006 Ryder Cup.

If permission is granted, the planned four-storey extension will be built in the same style as the existing building, which is 180 years old. Included in the proposals will be provision for 70 more parking spaces.

Businessman Michael Smurfit took full control of the K Club in 2012 when he completed a reported €40m deal to buy 49pc of the resort.

The former head of the Smurfit Kappa packaging empire upped his share to 100pc after buying out developer Gerry Gannon.

That valued the K Club at around €80m, well down on the €115m Mr Gannon and Mr Smurfit paid when they bought it in 2005.

Mr Smurfit was the original founder of the K Club in 1991, but he teamed up with Mr Gannon to buy the resort in 2005 from a group of US investment firms which ended up owning the business after buying Mr Smurfit's packaging empire.

Revenues at the K Club peaked at €22m in 2007 but had fallen back to €11m in 2011.

comurphy@herald.ie


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