The High Court has appointed a liquidator to three well-known hotels in the west of Ireland, owned by the Clare-based Dunne Hotels Group (DG Hotels).The court was told the businesses, which had been in examinership since June, had no prospect of survival,a ccording to the Irish Times. Mr Justice Barry White consented to the appointment of William O'Riordan as official liquidator to three hotels owned by the Dunne Hotels Group (DG Hotels) including the Clybaun Hotel, Galway, Patrick Punches' Hotel, Limerick, and the Woodstock Hotel, Ennis, Co Clare.
In June the hotel group, which employs more than 200 people, successfully petitioned the High Court to have six companies it operates placed into examinership. Mr O'Riordan, of the chartered accountancy firm PricewaterhouseCoopers, was appointed as examiner. However, Rossa Fanning BL, for Mr O'Riordan, said his client was now of the opinion that five out of the six related companies had no prospect of survival as there was "no investment package available". View the entire story here.
