Hotel receiverships paying dividends

The receivership of the €50m five-star Lyrath resort hotel in Co Kilkenny is beginning to pay dividends for the Bank of Scotland.

Hotel receiverships paying dividends
Tue, 05 Nov, 2013 - 00:00

That is according to new documents lodged with the Companies Office showing that the Bank of Scotland has received an interim distribution of €750,000 through the receivership of the property.

Loans from the bank helped bankroll the development and opening of the Xavier McAuliffe hotel in 2006.

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