Ireland's Largest Hotel In Receivership
Ferris Associates has been appointed as receiver to HSS, which trades as the Citywest Hotel, Conference Centre, Leisure and Golf Resort and Jeffel, a land-holding company. The company owes the Bank of Scotland 180 million euros. Ferris associates has appointed Dalata Ltd, a hotel operating company, to run the hotel and Citywest's 400 staff will continue to be employed. The Citywest Hotel was founded by well-known and often controversial local businessman Jim Mansfield 18 years ago. His other properties including Palmerstown Golf Club, Finnstown Hotel and Weston Airport are not affected by the receivership. An executive for the hotel has called the move premature, saying the hotel is currently in talks for a buyout.