Sale of seven Great Southern Hotels will earn €265m

The board of Great Southern Hotels Limited (GSH) has approved the sale of seven of its eight hotels as going concerns and the decision has been ratified by the board of Dublin Airport Authority.

Sale of seven Great Southern Hotels will earn €265m
Thu, 24 Aug, 2006 - 15:21

The board of Great Southern Hotels Limited (GSH) has approved the sale of seven of its eight hotels as going concerns and the decision has been ratified by the board of Dublin Airport Authority.

The sale of the hotels is scheduled to be completed by the end of September 2006. The proceeds of the sale will be in excess of €265 million.

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CourtsBusinessHeathrowPlace: DublinPlace: CorkPlace: ShannonPlace: RosslarePerson: Gerry BarrettPerson: Ronan McArdlePerson: Frank McArdlePerson: Alan McIntoshPerson: Walsh brothersPerson: Bernard McNamaraOrganisation: Great Southern HotelsOrganisation: Great Southern Hotels LimitedOrganisation: GSHOrganisation: Dublin Airport AuthorityOrganisation: RosslareOrganisation: Eyre SquareOrganisation: CorribOrganisation: Edward Holdings LimitedOrganisation: ParknasillaOrganisation: Spentor LimitedOrganisation: City of Derry HotelOrganisation: European Communities
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