Jerry O’Reilly seals hotel debt deal
Former Bernard McNamara development partner walks away from Danske vulture fund debt
High-profile property developer Jerry O’Reilly has closed a deal which will see him walk away from the vulture fund that bought some of his boom-era development loans.
It is understood that debts secured on the Absolute Hotel in Limerick have been refinanced by a British boutique finance house.
The loans, which were originally advanced by AIB in 2006, were bought by Deutsche Bank in 2015.
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
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
The Daily Briefing
What’s coming up today and what you might have missed
The Daily Briefing
What’s coming up today and what you might have missed.
