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Newsflash

Mount Juliet for Sale

The Mahony family has put its Mount Juliet estate on the market following a number of approaches from potential buyers.

The estate includes a hotel with an award-winning restaurant and a golf course designed by Jack Nicklaus. It is owned by the Mahony family company Killeen Investments whose principal business is the distribution of Toyota motor vehicles.

Mount Juliet was bought by the late Tim Mahony from Major Calmont in 1988 and has hosted the American Express World Championship of Golf.

 

Mount Wolseley Seeks Examiner PDF Print E-mail
Written by Frank Corr   
Friday, 18 April 2014 08:26

The owners of Mount Wolseley resort in Tullow, Co. Carlow have asked the High Court to appoint an Examiner who will seek to save the business.

Bank of Ireland which wants to appoint a Receiver is opposing the application.

The High Court will give its decision later.

Yesterday the Morrissey family asked Judge Keane to appoint Ian Lawlor as Examiner to the business which includes a 143 bedroom hotel and golf course.,

Banks re owed around €60m with €20m owed to Bank of Ireland

 
Abrakebabra Losses Rise PDF Print E-mail
Written by Frank Corr   
Friday, 18 April 2014 08:19

Losses continue to rise at Abrakebabra Group which incurred heavy impairment costs in 2011 due to falling property values.

Abrakebabra Ltd has reported a loss of €282,714 in 2012 bringing accumulated losses to €8.8m while another group company Bagel Master made a loss of €696,559 bring its accumulated losses to €8.3m. Sushi Master, another group company reduced its losses during the year by €190,995 to €2.57m.

The group operates 183 outlets.

 
Green Isle Joins Great National PDF Print E-mail
Written by Frank Corr   
Thursday, 17 April 2014 08:13

Great National Hotels and Resorts announced this morning that the Green Isle Hotel on Dublin's Naas Road has joined the Irish owned hotel and resorts group.

The 270 bedroom hotel, conference and leisure centre at Newlands cross was recently acquired by an Irish investor and is newly managed by General Manager John Gavin.

Commenting on the announcement, John Gavin said “I look forward in working with Great National in rebuilding the Green Isle’s prominence in the market place as one of Irelands leading hotels.”

Great National now comprises 32 3- and 4-star hotels, including 10 in the UK and 22 in Ireland with nearly 2,500 bedrooms making it one of Ireland’s largest hotel groups and one of the UK’s fastest growing hotel groups: it has added 5 new hotels to its UK division since January 2014 including the 46-bedroom Wild Pheasant Hotel and Spa, North Wales, and the 53-bedroom North Euston Hotel, Blackpool.  The Great National Group recently also announced plans to grow to 100 hotels throughout to Ireland and the UK by end-2015.

Read more...
 
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Contact hospitalityenews

The Editor: Frank Corr
fcorr100@gmail.com
Sales & Marketing: Gavin D. Ryan
gavindryan@gmail.com
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