Examiner is appointed as hotel development runs out of money
An examiner has been appointed to a €20 million hotel development in Co Offaly, after the development company behind the project ran of out of cash.
Ian Kehoe
An examiner has been appointed to a €20 million hotel development in Co Offaly, after the development company behind the project ran of out of cash.
Plaza Developments was behind plans for a new110-bedroom four-star hotel in Edenderry. The development is under construction, but building work has stalled in recent weeks.
National Irish Bank has advanced €4million to Plaza Developments to fund the hotel project, and the shareholders of the company have also invested...
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