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Sat 03 Mar 2010Nama may have to keep 'zombie' hotels open
THE NATIONAL Asset Management Agency (Nama) may not close so-called “zombie” or loss-making hotels owned by developers that are being kept open to prevent tax being clawed back from investors in the hotels.
Among the €80 billion in loans being sold to Nama are associated loans owing on hotels built and owned by developers moving under the agency’s control.
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