Former Quinn hotel reveals positive earnings

THE Co Cavan hotel founded by bankrupt businessman Sean Quinn recorded positive earnings for the first 10 months of last year, new filings show.

Last April, the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, assumed control of the Slieve Russell hotel when a share receiver was appointed to the Quinn Group.

The IBRC appointed its own directors to the company in April. In August, Sean Quinn’s daughter Colette ceased to be a director.