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.

10th November, 2013

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

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

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