Clayton and Mullen take hit on Belgian hotel deal
Irish investors to receive just €2 million out of €44 million invested in chain of nine hotels
Irish investors in a Belgian hotel group, including members of the rock group U2, are to receive just €2 million out of the €44 million in equity they invested in the chain of nine hotels.
The move represents a greater than 95 per cent loss in equity in the hotel investment for its Irish investors after ten years. U2 bassist Adam Clayton and drummer Larry Mullen jr both have an economic interest in the hotel...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures