Corporate recovery: Hotel sector holds out promise of recovery
It may not be easy to find buyers for distressed Irish hotels, but the Finance Bill allows hotels to qualify for Enterprise Support Schemes, writes Dave Boland.
The scramble to improve Ireland's hotel sector may have been a resounding success in terms of building capacity, but injudicious investments, coupled with the property crash, have left a legacy of unviable hotels. These are either an unfortunate testament to a brave but doomed investor community or a chilling reminder of its hubris.
Certainly, our international standing was enhanced by feverish hotel building, and where once we had chronic under-supply, at least now we have...
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