A property group that controls the luxury Tinakilly House hotel in Co Wicklow has gone into receivership with bank debts of almost €60 million.
Ulster Bank has installed Ernst & Young as receivers to three related companies owned by builder Brendan Fitzsimons and auctioneer Bill Mulrooney. They bought Tinakilly, a Victorian mansion with 51 rooms, for about €10 million in 2007, but their group has been hit by the collapse of the property market.
Clonsky, the company...
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