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...
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