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.

24th February, 2013
Aiden Murphy, insolvency and restructuring partner at Crowe Horwath: 'You can find these distressed hotels across the board.'

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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago