Budget hotels may not be recession-proof, but Richard O’Sullivan and Seamus McGowan knew a business model that could weather a downturn when they saw it.
The chance of having their own budget hotel chain was enough for the two former Jurys Doyle executives to leave well-paid, pensionable jobs in the public company in 2004 and splash out €22.5 million on the eight Irish hotels in the Travelodge chain. O’Sullivan was financial controller at...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team