Court Hears Of Huge Financial Losses For Regency Hotel
The owner of the Regency Hotel in Dublin, where David Byrne was shot dead last month (5 February), has told the High Court that his business has suffered devastating financial losses following the incident.
According to the Irish Independent, James McGettigan, director of Regan Development Ltd which trades as the Regency Hotel Group, said in a sworn statement to the court that the hotel had suffered immense reputational damage and loss of business in the weeks which followed the shooting.
McGettigan informed that the High Court that the shooting last month has directly resulted in the cancellation of a number of events at the hotel.
He went on to say that the extensive media attention the shooting received on that date was both "understandable and regrettable", while adding that the viability of the trade and the livelihoods of staff had been undermined since the shooting.
According to the Irish Independent, counsel for Regan Development Ltd said the final loss for the hotel had been estimated at €217,196, "but despite repeated requests his client had received no confirmation from Aviva Insurance that they had any intention to indemnify the hotel".