Rhatigan Property group bid to halt equity fund gaining control over Radisson Blu hotel

Companies in the Rhatigan property group claim an international equity fund is trying to get control of some of its assets including the Radisson Blu Hotel in Golden Lane, Dublin.

In Commercial Court proceedings, the Galway-based Rhatigan firms want orders restraining Beltany Property Finance Ltd from enforcing the appointment of a receiver over the hotel arising out of a letter for demand of repayment of €39.8m in loans and securities.

The case was admitted to the Commercial Court list yesterday by Mr Justice Brian McGovern on consent between the parties.