Court approves examiner to Lynch Hotels
Yesterday Ms Justice Mary Finlay Geoghegan said she was satisfied to confirm Michael McAteer of Grant Thornton examiner of the Lynch Hotel group, which owns and manages several hotels in the Connacht and Munster area, on the basis of an independent accountant’s report indicating the group has a reasonable prospect of survival as a going concern.
The examiner has up to 100 days to come up with a scheme of arrangement, which if approved by its creditors and the High Court will allow the group to continue to trade. Previously the court heard that the company, which employs more than 450 full-time workers, has debts of €22.85 million.
