G8 summit hotel will be unable to pay unsecured creditors €4.25m

The joint administrators of the five-star Lough Erne resort that last year staged the G8 summit believe that unsecured creditors owed £3.5m (€4.25m) from the hotel’s administration will not be paid.

G8 summit hotel will be unable to pay unsecured creditors €4.25m
Thu, 20 Feb, 2014 - 00:00
Gordon Deegan

KPMG were appointed as administrators by the High Court on foot of an application by Bank of Scotland to Castle Hume Leisure Ltd that ran the resort in May 2011.

The bank was owed £26.4m at the time by the company and the hotel remains up for sale.

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