• Enforcement action for Moat House hotel portfolio

The future of 14 Queen’s Moat House hotels is in the balance after the failure of debt restructuring talks. Debt servicer Capital Asset Services (Ireland) has announced the appointment of KPMG to review enforcement options for the loan, which matures February 23.

There is £107 million of debt secured against the hotels, which trade under Crowne Plaza and Holiday Inn brands. The properties were part of a portfolio of 28 hotels purchased by Whitehall Real Estate, a Goldman Sachs managed fund, in 2005.

Read the full story here: http://www.ise.ie/app/announcementDetails.asp?ID=10780088

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