Goodbody restructures hotel deal to recoup €40m
Goodbody Stockbrokers is restructuring a Euro 140 million Belgian and French hotel deal in an effort to recoup some money for investors.
Goodbody Stockbrokers is restructuring a €140 million Belgian and French hotel deal in an effort to recoup some money for investors .
The broker has called creditors' meetings for 12 companies used to finance the 2007 deal, and intends to appoint liquidators to all of the firms. The dozen companies have combined shareholders' deficit of more than €40 million.The portfolio contains nine hotels in Belgium and France, including a collection of Holiday Inns, Ramada Plazas and...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
