70 days to save hotel group

A high Court appointed examiner has 70 days to come up with a plan to save the Dunne Hotel group from bankruptcy after an application was made to the court by the company on Friday, it is reported in this morning’s Sunday business Post.

The Limerick based hotel group employs 200 people, and owns some high profile hotels in the region, including, The Shannon Shamrock in Bunratty, and the Two Mile Inn and Patrick Punch’s hotel in Limerick.

From the paper

The family-owned business had annual revenues of more than €36 million in 2006 and has properties valued at €86 million. However, it has suffered in recent times and is now unable to meet its debts.

The paper also reports that the Dunne group of hotels made a pre-tax loss of €1.1 million in the last twelve months, compared to a €1.1 million.

The same paper reports that Barringtons Private hospital made a pre-tax loss of over €200,000 in 2007. Costs associated with the hospital’s breast cancer care review which took place last year is being cited as one of the reasons for the loss.

  • Hazel
    mr apple i lived in limerick for the past 40 years i think i paid my fair share of taxes so im entitled to my opinion
  • if they won't put a proper action for this problem another group of people would be jobless again
  • apple
    Hazel you have alot to say for somebody who doesn't even live in the city or country for that matter. You don't pay taxes in Ireland, so why are you so concerned about how Irish tax payers' money is spent. As somebody living as a guest in a foreign country, you really should be a bit more informed.
  • Judy
    re hilton: they are selling their rooms for 89€. thats the same as the 2mileInn, travelodge and greenhills

    If you know these hotels you will know that travellodge have been selling rooms for 59 euro and Green hills at 79 euro, all hotel have dropped their room rates in the last year. Limerick has too many hotels, good for us but not the business men.
  • Roisin
    Ann, I just reread it. It states:

    "In the exercise of his rights and freedoms, everyone shall be subject only to such limitations as are determined by law solely for the purpose of securing due recognition and respect for the rights and freedoms of others and of meeting the just requirements of morality, public order and the general welfare in a democratic society."

    This country is indeed failing to protect the rights of good living people whose lives are made unsafe and miserable by neighbours who are criminals, thugs and bullies. Money has been thrown at it and more will be thrown but whenever the regeneration project for Limerick is referred to, it is not with joy but with the real worry that the rotten apples will be regenerated as well. And then there are the questions of who is truly beyond redemption and doesn't everyone deserve a chance, especially children who begin, like all of us, innocent?

    Ireland has international committments to the asylum seekers who, after they come here, are subject to intensive scrutiny and deported if their claims are found to be invalid. Failing to honour those committments and referring to the asylum seekers in disrespectful, demeaning and prejudicial ways is going to do sweet damn all for the residents of the troubled estates and, indeed, at its worst, the prejudice that is spouted sounds exactly the kind of invective that comes from the very bowsies who cause division and fear in those very estates.
  • ann
    Roisin read it again and put into the context of the breaches of basic human rights faced by numerous residents in our city. Ignoring the blatant disrespect of the Human rights of residents in Southill, Moyross, St.Mary's Park etc. is quiet unacceptable. Their aspirations for kindness, compassion and common decency should be a paramount priority. Some of these people have to leave there homes in fear of there lives and their families.
  • Bantra man
    were the hilton not doomed from day one by accepting avery prominent dodgy family in limerick onto their books......equated to thousands of other families not doing business there. also have heard continuous reports about poor foood, poor service etc in the hotel. I have yet to meet someone who has had a good meal there,.......its not good enough.. Whatever about the doom and gloom of recession. It might bring the theory of 'good customer service' back to this country, In good or bad times a good customer service record will always bring the clients in....value for money was always the age old theory! thats why the good coutry folk in limerick county will be sitting back smuggly...they were and always are right! its us fools in the city that made all the mistakes recently. Paying huge money for crap and laughin at the country folk for not joining in our revelry!
  • starkie
    hazel.
    i think you are a very honest blogger. this has nothing to do with any of the blogs here but i recently had a situation where i i could not sit baqck and accept things. i was the only one out of twenty people who stood up and voiced my disgust. at what was going on. the rest of the people were all saying the same when the powers that be were not around but did nothing. i ended up being unpopular because i spoke ou. a lot of irish people will take anything rather than speak out. but i will not. be bullied and lied to. i would rather be unpopular and have my dignityt. your a gem hazel
  • Serendipity
    Anyone for the last few hotels now? Anyone.....Anyone.....

    There are more hotels in Limerick now than ever before. You can't turn a corner without walking into one. And what about the beauty that is under construction on the Dublin Road near the Castletroy Park? I think they call it the Park Hotel. Is that because it will be parked there empty? Do we really need all these hotels? I would love to see the occupancy rates.

    And of course there is the huge retail park being built beside TK Maxx. Another white elephant to the Celtic Tiger. Some people are going to get an awful land when the crunch starts to squeeze the life out of their already dwindling bank accounts after ploughing so much money into "sure things" like hotels and retail parks.
  • Roisin
    Hazel, do yourself and us a favour and get yourself a copy of the Universal Declaration of Human Rights and have a read of it. In December, it will be 60 years in existence. You never know, with the world in the state it is in, you and your loved ones may one day be glad to be under its protection and if you ever have to put a few belongings in a suitcase and take your dependants by the hand and go to another country, for whatever reason, I hope that you will be met with more kindness, compassion and common decency than you yourself seem to possess.
  • annmarie
    Why not indeed Hazel.
    I think you could be on to something.
  • Tom
    re hilton: they are selling their rooms for 89€. thats the same as the 2mileInn, travelodge and greenhills... there you see how their business is going!
  • hazel
    why not
    ye both seem to be very welcoming to the non paying guests
  • BockTheRobber
    Hazel: Why?
  • Shannaboley
    Translate that into US dollars and you will see why tourism is so low.On average in slight excess of 200 a nite for say a two week holiday! car rentals are out the roof when you include the insurance, I was quoted by Irish car rental in Shannon 1,900 euros for two weeks the car itself was around 500. so the rest was insurance vat duty and fuel surcharge? add in the cost of dining out a few drinks etc, forget shopping! fees to get into places castles etc. Remember the weather usually is grim, Ireland will price itself out of the american market.
    I know most of you will say good! you hate the yanks anyway, but the Irish tourism board would disagree.

    I purposely did not mention the petrol to drive that rental car around because most American take responsibility for the current market.
  • paddyjoe
    I heard the Hilton hotel is now in trouble any one else hear this . Why are they still building hotels in Limerick if this is the case .
  • Ray
    Hotel prices are too expensive. Have they done enough as hotels to stop them going into receivership.

    Some hotels where charging €95 to a €125 p.p.s. These are crazy prices. €250 to spend a night in a room as a couple, someone needs to wake up and smell the coffee, a room is for sleeping and getting ready to go out.
    Drop the room prices and they might just fill up. Better to fill a hotel will better value rooms than having rooms vacant.
  • hazel
    bock the robber and roisin ye both should open your houses to the asylum seekers and give them your hospitality
  • cad e sin
    Just because Daragh o' Malley is son of the late Minister for Education does not make his opinion more valid. In fact, what he says is plain daft and smacks of a man carried away by negative publicity. I happen to like most of the hotels - and do not find them out-of-place (no, I won't deign myself by using silly words such as "inappropriate"). There is violence and poverty in Limerick (not uniquely) but most people I know are happy, friendly and have a good sense of humour. Sorry for not being miserable.
  • The Dave
    Daragh O' Malley - the son of the late Minister for Education Donogh O'Malley "Limerick is a nightmare," he says, "dominated inappropriately by hotels and on the other hand, the breakdown of law and order and the poverty.
  • BockTheRobber
    Hazel is somebody I'd have sympathy for. Anyone so eaten up with resentment deserves our pity.
  • Roisin
    The words 'friend' and 'visitor' and among the nicest words in any language. Hazel, given your opinions, your use of them is very unpleasant. Unpalatable as I may find your opinions on the asylum seekers, there's a lot to be said for the honest use of language.
  • Pat
    As an Hotelier myself I would hate to see any Hotel go under and I would suspect it will be saved in some form. The Shannon/Limerick region is having a very tough year Hotel wise. 200 jobs is a lot of jobs. If there is any good news from this I can tell you from my experience Hotel prices are down on last year. Over that last few years with the building boom there is now an oversupply of Hotels. There is more supply then demand. If it may be a tough time to be a Hotel owner it is a goodtime to be a guest.
  • hazel
    sur mayby the government might buy these hotels for our friends abroad and turn them into permenant homes for our visitors they would be full in no time once word gets around
  • hazel
    i read in this weeks limerick post that some buisness men were trying to stop stories going around the city that their buisness were in trouble i wonder is that the same article because if it is id be inclined to believe the sunday buisness post
blog comments powered by Disqus