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Dublin: 11 °C Tuesday 21 May, 2013

Another Midlands hotel goes into receivership

AIB is appointed receiver to the Osprey Hotel in Naas – a month after the Heritage suffers a similar fate.

Image: Infomatique via Flickr

A RECEIVER has been appointed to the company running the well-known Osprey Hotel and Spa in Naas – just a month after another famous Midlands hotel, the Heritage in Killenard, suffered the same fate.

A receiver was appointed to Naas Developments Limited, who operate the 104-room hotel, conference centre, leisure centre and spa, as well as the well-known ‘Time Bar and Venue‘ nightclub.

The receiver, Paul McCann, has been put in place by AIB bank which is owed money by the company. The bank has appointed Hotel Asset Management Services Ltd as the business’s operator for the time being.

It is not believed that there is any threat to the 150 jobs at the hotel.

The hotel will continue to honour all bookings, whether for rooms, conferences or weddings, until further notice.

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