Organisation: Beekman Tower Hotel

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

Anglo knew risks of New York hotel deal, court hears

ANGLO Irish Bank is contending it relied on the hotel expertise of a US businessman when entering into a $50 million (€36.4m) deal to fund the purchase and development of two hotels in New York, the Commercial Court has heard.

Sat, 26 Feb, 2011

Idea for Anglo hotel fund raised at Stones concert

A US businessman has told the Commercial Court his proposal to Anglo Irish Bank to sponsor a New York hotels investment fund was first suggested at a Rolling Stones concert in New York in September 2005.

Fri, 25 Feb, 2011

‘Deliberate dishonesty by Anglo’ in US hotels deal

THE “cavalier” ethos and attitude displayed by Anglo Irish Bank in promoting and managing an investment fund for two hotels in New York’s Manhattan district “readily explains how Anglo single-handedly brought this country to the position it finds itself in“, the Commercial Court was told.

Wed, 23 Feb, 2011