Hotelier’s firms to be wound up

THE High Court has made an order winding up three companies controlled by hotelier Hugh O’Regan.

Mr Justice Garrett Sheehan appointed Kieran Wallace of KPMG as liquidator following an application from the companies directors to have the firms Thomas Read Holdings, Dashaven and Clubko wound up.

The court heard that between them the three firms owe Irish Nationwide Building Society and Anglo Irish Bank more than €190 million. The firms’ total liability over assets is estimated at €122m.