The price of pie = high

Dunne Group Hotels, based in Limerick,is one of the first to suffer the recent economic distress. The entire chain of five hotels has been petitioned to the High Court for examiner ship.

 

And they’re not alone…!

 

The new Watermarque Boutique Hotel & Spa, Cahersiveen, Co Kerry, The Wooden House Lodge Hotel and Holiday Complex, Co Wexford, Racket Hall Country House Hotel, Co Tipperary and the La Touche Hotel, Co Wicklow are all currently for sale.

 

It seems that competition for a slice of accommodation pie is too high and many hotels are crumbling.

 
By Christina Giliberti

Comments

[Christin]

I am afraid this is not only affecting Ireland but places all around the world. I am working for a hotel in Prague and unfortunately the decrease of foreign travel due to economic problems in the U.S. and the U.K. is affecting business.