Bank bids to repossess hotelier’s luxury home

A bank yesterday sought to repossess the luxury family home of one of the country’s best-known hoteliers, who became broke in the property crash.

Brendan Dunne and his wife Hilda mortgaged their residence, ‘Shamrockville’ on Limerick’s North Circular Rd against a €1.6m loan taken out from Bank of Ireland Mortgages in 2004.

Limerick Circuit Court heard yesterday that the house, valued at €4.5m at the height of the property boom when the loan was taken out, was now worth €1.7m.