AIB, the hotel’s main lender, took possession of the property last week in an effort to protect its loans.
The property is continuing to trade, and all 130 staff have been retained.
Tom Kavanagh, a partner with Kavanagh Fennell, has been installed as receiver over the 126-bedroom hotel. The hotel includes a spa, a conference centre and extensive facilities for sports training, including specially installed all-weather training pitches.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team