Receivers have been appointed to the Doonbeg Golf Resort in Co Clare.
A statement from receivers, EY Ireland said it will continue to trade as normal and all employment will be maintained.
It added that interest has already been expressed in the property and it is hopeful that the business can be sold as a going concern.
The resort which includes a links golf course designed by Greg Norman, opened in 2006.
Luke Charleton of EY Ireland said "There will be no disruption to services as a result of the appointment, events booked will go ahead as scheduled, and all deposits and gift vouchers will be honoured".