20/11/2012

Interim Examiner Appointed To The Ritz Hotel

An interim examiner has been appointed to The Ritz Hotel in County Wicklow, after it emerged in the High Court it owes NAMA €47 million.

Situated in the Powerscourt estate, it was built by developers Richard Barrett and Johnny Ronan for €200m.

It is believed to have been making a loss since it was built in 2007.

It employs 293 workers, 155 of which are full-time staff.

(CD)


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