It was reported at the time that the Kang hotelier family snapped up the luxury Fota Island Resort for around €20m and quickly followed that acquisition by bagging the Kingsley Hotel in Cork city centre for €6m. That was in 2013. The 500 acres Fota resort with its hotel and spa, guest lodges and golf courses had been built by Irish developer, John Fleming, for over €90 million at the height of the Celtic Tiger and was opened by the taoiseach Bertie Ahern in September 2006. A tie-in deal with the luxury Sheraton brand ended in 2009 and as the…

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