Sixteen parties have expressed an interest in investing in the five-star Muckross Park Hotel in Killarney, Co Kerry, run by businessman Bill Cullen and his partner Jackie Lavin, the High Court heard yesterday.

The five-star Muckross Park Hotel in Killarney, owned by businessman Bill Cullen and his partner Jackie Lavin, was yesterday granted protection by the High Court.

The financial woes of Bill Cullen, once the country’s best known car dealer, continue.