Hotel lobby group pushes for novel finance scheme
The Irish Hotels Federation (IHF) has held exploratory talks with the Department of Finance about a small business loan guarantee scheme.
The Irish Hotels Federation (IHF) has held exploratory talks with the Department of Finance about a small business loan guarantee scheme which it believes would allow groups of investors or hotel managers to buy distressed properties.
A small delegation from the federation, including its newly-appointed president, Michael Vaughan, met department officials recently to discuss the plan, which Vaughan described as "a type of enterprise investment scheme".
Vaughan, who owns the Vaughan Lodge Hotel in Lahinch...
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