Tuesday October 20, 2020

Empty hotel costs taxpayer €1m a year

Taxpayers are forking out more than €1 million per year on bills such as electricity, gas, security and insurance to keep the lights on at the unfinished €170 million Kilternan Hotel and Country Club in Co Dublin.

27th August, 2011
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Taxpayers are forking out more than €1 million per year on bills such as electricity, gas, security and insurance to keep the lights on at the unfinished €170 million Kilternan Hotel and Country Club in Co Dublin.

Irish Nationwide, under former chief executive Michael Fingleton, lent publican Hugh O’Regan €170 million to develop the hotel, but he ran out of money before it was finished. The project went into receivership in 2009.

The receiver’s...

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