Gerry Barrett’s assets in G Hotel battle with Deutsche worth €60m

Group includes the landmark G Hotel in Galway as well as cinema, retail and development land assets

Ian Kehoe - avatar

Ian Kehoe

27th August, 2017
The G Hotel in Galway

An independent expert accountant's report prepared by Joe Walsh on seven companies controlled by Gerry Barrett has admitted that the group had at its peak “secured debts of €698 million with the value of the underlying assets a fraction of this sum”.

In a separate affidavit the group of companies estimate the remaining underlying assets in the group, after selling off a number of key ones, is worth between €55 million and €60...

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