business

Golden visa-funded Monaghan hotel closes over cash flow problems

Nuremore hotel and leisure centre is owned and controlled by Kai Dai, one of Ireland’s biggest cash-for-visa brokers, who is facing legal and regulatory issues

The Nuremore Hotel is one of Huawen Foundation’s last remaining holdings in Ireland.

A Monaghan hotel, leisure centre and golf course, which is owned and controlled by one of Ireland’s biggest cash-for-visa brokers, has shut its doors because of cash flow issues.

The Nuremore hotel laid off its staff and shut its bedrooms before Christmas for a planned refurbishment, but has now closed its leisure centre and golf course as well.

In a post on Twitter, an account associated with the hotel’s leisure centre said: “Due to circumstances ...