Citywest Hotel taken into receivership

One of the largest hotel properties in Ireland could be under threat of closure following a decision by the Bank of Scotland (Ireland) to take it into receivership.

The 1,736-bed Citywest Hotel on the outskirts of west Dublin could now be closed if a buyer cannot be found – potentially costing over 400 jobs in the region.

The property is owned by colourful local businessman Jim Mansfield.

Source: BTN

07.07.10