Ireland's Largest Hotel In Receivership
The Citywest Hotel in Dublin, Ireland is the latest hotel to hit hard times. The four-star Citywest development has been placed into receivership by Bank of Scotland (Ireland). The property has over 1,700 rooms, two golf courses, a separate convention center and a helipad and the hotel website lists it as Ireland's largest hotel.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.
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
Live from Microsoft's New Generation Xbox event!
Demi Looks FANTASTIC In A Bikini
Xbox Reveal liveblog on Joystiq
Dozens Killed in Oklahoma Tornado; Death Toll to Rise
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
Xbox One architecture panel liveblog!
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
Mother Dies With Infant During Oklahoma Tornado
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
U.S. Acknowledges Four American Citizens Killed In Drone Strikes
South American 'Crazy' Ants Are a Threat in Southern US
Watch: Kansas Meteorologist Seeks Shelter From Tornado
Wolf Blitzer's Embarrassing Moment With Tornado Survivor
Selena Gomez Leaving Justin Bieber's House: Booty Call Rumors Swirl
Help For Heroes Killing
PHOTOS: Christie Brinkley Gets Back Into A Swimsuit At 59 Years Old
The World's Most Powerful Women
NY Times Eviscerates Obama White House
Singer Sues McDonald's, Claims Chicken Sandwich Incident Ruined Her Voice
PHOTOS: Tornado Aftermath Leaves Trail Of Destruction
Who Won 'DWTS'?
White Father Allegedly Suspected Of Kidnapping Biracial Daughters
CBS Reporter's Grave Allegations
PHOTOS: This Is The Best Response To Abercrombie CEO Mike Jeffries We've Seen Yet
Tornadoes Strike Oklahoma
WATCH: Tornado Victim Finds Dog During CBS Interview
PHOTOS: Tornado Devastates Moore, Oklahoma
Rescuers Continue Search For Tornado Survivors
Tara Ellison: Why I Gave A Toast At My Ex-Husband's Wedding
Police END Search For Susan Powell