A receiver has been appointed to Muckross Park Hotel in Killarney, which is owned and run by Bill Cullen and his partner Jackie Lavin.
Declan Taite of Farrell, Grant, Sparks was appointed receiver and manager of the hotel yesterday.
He has also been appointed receiver to Boisdale Holdings Ltd, Silvermire Properties Litd and certain assets of Bill Cullen.
Mr Taite says his appointment will not have any impact on current or future bookings at The Muckross Park Hotel, which is to continue to trade as normal.
All deposits and gift vouchers will be honoured and employment at the hotel will be maintained over the course of its receivership.
Bill Cullen and Jackie Lavin took over the hotel in 1990.