Row over €26m debts at Regency
Business was hit by ‘negative publicity’ of gangland murder
Negative publicity surrounding last year’s gangland shooting is just one of the problems facing Dublin’s Regency Hotel, a High Court examinership petition heard last Friday.
Disputed group debts of around €26 million and a collapse in turnover during the recession have left the business insolvent and battling for survival, according to hotel operators Regan Development.
Added to the mix is a claim that hotel director James McGettigan was “hostile and aggressive” at a ...