20/11/2012

Interim Examiner Appointed To The Ritz Hotel

An interim examiner has been appointed to The Ritz Hotel in County Wicklow, after it emerged in the High Court it owes NAMA €47 million.

Situated in the Powerscourt estate, it was built by developers Richard Barrett and Johnny Ronan for €200m.

It is believed to have been making a loss since it was built in 2007.

It employs 293 workers, 155 of which are full-time staff.

(CD)


Related Irish News Stories
Click here for the latest headlines.

21 August 2007
Fitzwilliam Hotel For Belfast Centre
A luxury £20 million hotel is hoping to create more than 100 jobs in Belfast's city centre. The new Fitzwilliam Hotel will be built on Great Victoria Street, next to the Grand Opera House. The hotel will have more than 130 luxury rooms and is being planned as a five-star, which will make it the second in the city centre.
02 September 2016
Hotel Industry Must Moderate Prices - Labour
The hotel industry must moderate prices or face the loss of the special concession it has enjoyed since 2011, Labour Spokesperson for Urban Regeneration, Joe Costello, has said. Deputy Costello highlighted a recent study by Accounting and Advisory firm Crowe and Howarth, revealed a 30% rise in profits per hotel room across the country in 2015.
10 April 2015
Dublin Flats To Be Refurbished For Homeless Families
Up to 400 homeless families are to be housed in Dublin flats, previously marked for demolition. Dublin City Council (DCC) has announced a plan to refurbish O'Devany Gardens in north Dublin, following approval of €4.72 million in government funding.
29 August 2014
'Dangerous' Equipment Stolen In Dundalk
Gardaí have issued a warning after "dangerous" equipment was stolen from a van in Co Louth earlier this week. It is understood a "handheld x-ray fluorescent metal analyser" was taken from a van that was at the Crowne Plaza Hotel car park in Dundalk. The item was stolen at some stage between 10pm on Wednesday and 9am on Thursday.
04 September 2012
Man Dies In Shooting Incident
A 21-year-old man who was shot in Bunratty, Co Clare, died yesterday in hospital. Two men are still being questioned over the attack at the Bunratty Castle Hotel car park, and are being detained at Mayfield and Gurranabraher Garda Stations.