Hotel owners want loans state-backed

Hoteliers want the government to provide them with temporary state backing on loans of u p to €150,000 because many are ‘‘panicked’’ about their finances.

8th August, 2009

Hoteliers want the government to provide them with temporary state backing on loans of u p to €150,000 because many are ‘‘panicked’’ about their finances.

The Irish Hotels Federation (IHF) has said that there was a ‘‘crisis’’ in the sector and that it was looking for support from the government. John Power, chief executive of the IHF, told The Sunday Business Post that this would be in the form of temporary...

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