Receivership cost castle €785k in fees

The receivership of the five-star Ashford Castle hotel and resort has proved a boon to professionals with over €785,000 paid out in fees over an 18-month period.

The hotel emerged from receivership last year after Red Carnation Hotels paid €20m for the Co Mayo resort last May.

The deal by the international boutique hotel operator secured the 160 jobs at the resort.