Tetrarch’s delayed flotation is latest ‘Red October’ casualty

Hotel operator Tetrarch is likely to become the latest Irish corporate player to postpone plans for its public flotation amid ongoing market turmoil, The Sunday Business Post understands.

It comes after Lone Star put back the initial public offering of shares in its planned Irish homebuilder, D-Res, until the New Year.

Market sources now expect that Tetrarch, which assembled a portfolio of hotels during the collapse worth hundreds of millions of euro, will ...