One of the oldest hotels in the county which was established in 1850 has become yet another victim of the present financial climate when a Receiver was appointed last week to the property which has been synonymous with both the fishing and tourism industries in the south of the county.
However newly elected TD Thomas Pringle told this newspaper that he is cautiously optimistic that a deal can be struck and that the jobs can be saved.
“I have been in discussion with the receiver, Mark Hamilton from BDO and I would be hoping that we can persuade the bank to re - open the hotel and run it as a going concern. I would be confident that a buyer can be found for this landmark business - it has a lot going for it and despite the difficult times was trading quite well.”
The management of the hotel had been optimistic that the 40 - bedroom hotel would re - open and at the time of it’s sudden closure when the Managing Director, Bernie O’Callaghan rejected suggestions that the hotel was in difficulty blaming instead the alleged theft of goods up to the value of €500k.
Niamh Kennedy, Chairperson of the Community Council told this newspaper, “This is really a serious blow for the town with thirty five jobs lost.
“From a tourism perspective it is disastrous - major development is currently taking place at Slieve League and now our accommodation stock has been vastly reduced. It is going to be an uphill battle but not one without hope.
“On the positive side, the hotel is exceptionally well located, has a first class leisure centre and in good physical condition.
“I would be hopeful that a buyer can be found.”