US fund Ranieri to check into Ritz-Carlton

Ranieri Partners is poised to make an investment in the Ritz-Carlton Powerscourt hotel in Enniskerry, which is currently under examinership.

20th January, 2013
Ritz-Carlton Powerscourt hotel in Co Wicklow.

Ranieri Partners, the US investment fund, is poised to make an investment in the Ritz-Carlton Powerscourt hotel in Enniskerry, Co Wicklow, which is currently under the control of a court-appointed examiner.

Ranieri is teaming up with Marriott International, the owner of the Ritz-Carlton franchise. Under the plan, Marriott will continue to operate the hotel, with Ranieri financing a rescue package for the debt laden property.

Carrylane, the company that developed the hotel, was placed into...

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