Billionaire owner of Co Kerry hotel to fight application for $192m on behalf of investors

The fair market value of his equity in Parknasilla Hotel has, according to Jacqui Safra’s financial statements, dropped by almost $6m since September 2022.

A billionaire Swiss-Lebanese owner of a Co Kerry hotel and islands is contesting a High Court application seeking judgment for more than $192m (€175m) on behalf of private lenders.

MCG California LLC is asking the High Court to recognise and enforce a judgment it obtained from the New York Supreme Court in October 2022 against Jacqui Safra, who co-owns Parknasilla Hotel in Kenmare and resides on Garinish Island off Sneem.