The Westcourt Hotel of Drogheda, Co. Louth, could be reopened by a group of investors despite a liquidation filing by its holding company.
The Irish Independent reports that, according to The Drogheda Leader, a group of investors that includes some of Westcourt's existing owners has committed to reopening the hotel when it is economically viable to do so.
Different Entities
The trading company that owns the hotel business, Powerscourt Hotels Limited, is reportedly a different entity to the one that holds the hotel property, and, even though Powerscourt Hotels is seeking to appoint a liquidator, the ownership of the hotel property is not for sale.
It is understood that the property's owners are determined to reopen when it is possible to do so.
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