Heartbreak hotels

The Irish hotel industry is, for many involved in it, a place of difficulty, despair and disbelief. Grim determination to survive is the order of the day, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

14th July, 2012
Heartbreak hotels
Dunboy Castle in Co Cork: millions of euro were pumped into the six-star property -- but it has never opened for business.

As soon as the receivers checked in, Pat Jennings was forced to check out. The accountants arrived six weeks ago, late on a Friday afternoon, ready to take over the running of the two hotels he controlled in the Co Mayo town of Castlebar. No fuss, very little fanfare. One group checked in. One man checked out.

Jennings never saw it coming, but in hindsight, he probably should have. He borrowed to expand, and he...

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