A provisional liquidator has been appointed to a Co Tipperary hotel
with 75 weddings on the books,
including one scheduled for tomorrow.
The High Court has heard the four star
Ballykisteen Hotel at Limerick Junction has
been operating without liquor and dance licenses
but tomorrow's celebrations will go ahead.
Provisional liquidator Jim Hamilton will be taking
over the immediate running of the Ballykisteen hotel
after Ulster Bank's lawyers impressed on the High Court
the urgent need for someone to step in and take the reins.
His job will be to temporarily protect the assets of the
company but his first priority will be to renew lapsed
dance and liquor licences ahead of a wedding
party tomorrow.
It's the first of 75 weddings on the books and the
court was told that just one cancellation would
result in a haemorrhage of business.
Ulster Bank made the move against the insolvent
hotel because it is 290 thousnd euros overdrawn
on its overdraft facility.
Ballykisteen is a four star operation with 36 bedrooms
and 45 self catering lodges.
It employs around 80 people.
Meanwhile the Company which has taken over the
management of Ballykisteen has issued a statement this evening.
Prem Group, one of Ireland’s leading hotel management companies,
has been appointed to manage the Tipp hotel which has been placed into
provisional liquidation.
Jim Murphy, Managing Director, PREM Group said: It's business as usual
at Ballykisteen and they look forward to working with the staff and
continuing to provide a professional and friendly service at one of
Tipperary’s leading hotel and conference venues.
