Monday May 25, 2020

Jerry O’Reilly seals hotel debt deal

Former Bernard McNamara development partner walks away from Danske vulture fund debt

18th June, 2017
The Absolute Hotel in Limerick

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.

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