Receiver for Citywest hotel company

A RECEIVER has been appointed to the company that owns the popular Citywest hotel in Dublin.

Martin Ferris of Ferris & Associates has been appointed as receiver to the company HSS, trading as Citywest hotel, golf and leisure.

The Citywest hotel is one of the best known conference venues in Dublin and has 1,730 hotel rooms and apartments.

Businessman and property developer Jim Mansfield developed the Citywest site. Reports last month said that Mr Mansfield was in talks to sell his west Dublin property empire to a US firm for a reputed €1 billion. It was also reported recently that his hotel trade was down 18% on last year.

The Citywest hotel which is in Saggart, Co Dublin, has been open for 18 years.

Mr Mansfield did not comment on the development but the hotel’s chief executive Sean Whelan described the decision to appoint a receiver as premature. He said they are considering their legal options.

Mr Whelan said the hotel has been and still is in negotiations with what he called a substantial investor to buy the entire property.

The receiver has been put in place by Bank of Scotland (Ireland) Limited.

Mr Ferris said he intends appointing an operator to continue trading the business as a going concern.

HSS consists of Citywest hotel, conference centre and leisure and golf resort. The appointment also includes the assets of Jeffel, a land holding company.

About 400 people are employed by HSS.

A statement was released by the company last night but a spokeswoman would not give any further details on the matter.

Mr Mansfield’s wealth was estimated at more than €120 million this year, according to recent rich lists, €70m less than last year.

More in this section

IE_180_logo
Price info

Subscribe to unlock unlimited digital access.
Cancel anytime.

Terms and conditions apply

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up