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Receiver Appointed To Derrynane hotel: Reports

Published on Mar 30 2015 9:24 AM in Hotel

Receiver Appointed To Derrynane hotel: Reports

The Sunday Times in the UK has reported that Bank of Ireland has appointed a receiver to the company which owns Derrynane Hotel and Holiday Homes in Kerry. The report has revealed that the bank a...

The Sunday Times in the UK has reported that Bank of Ireland has appointed a receiver to the company which owns Derrynane Hotel and Holiday Homes in Kerry.

The report has revealed that the bank appointed Grant Thornton as receiver over the three-star hotel, which was owned by Jerry Reilly, who is the former owner and developer of the high-end Aghadoe Heights hotel in Kerry.

The Sunday Times adds that accounts for the company indicates that the bank was owed just over €3.2m at the end of 2013.

Aghadoe Heights Hotel & Spa in Killarney was sold for over €6 million to an anonymous European investor in the middle of last year.

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