Hotelier hopeful banks will roll over interest on Aghadoe Heights debt

One of the country’s best-known hoteliers, Jerry O’Reilly, is confident that bankers to his five-star hotel, the Aghadoe Heights in Killarney, Co Kerry, will continue to roll up bank interest loan payments on the business.

Accounts for the 12 months to the end of December 2012 filed by his company, Dalegrove Taverns Ltd that operates the Co Kerry hotel, confirm that since early 2009 the company’s bankers have rolled up the interest due on company borrowings.

Accumulated losses increased by €495,000 from €11.74m to €12.23m in the 12 months to the end of December 31, 2012.