The Castletroy Park Hotel in Limerick is to reopen after a deal was struck with Carlton Hotel Group to take over the troubled business.
The Irish-owned Carlton Group, which operates seven four-star hotels around Ireland, has agreed a long-term lease with the Fordmount Group to take over the hotel.
The four-star, 107-room Castletroy Park Hotel closed its doors last week after 18 years, claiming “insurmountable trading difficulties”. About 130 jobs were on the line with the hotel's closure.
The hotel will now reopen within the next 10 days operating as the Carlton Castletroy Park Hotel, employing 120 full and part-time staff.
The Carlton Group said today that all deposits that were taken for events in the hotel will be honoured.
“We are particularly aware of the distress caused by the closure of the hotel to those who had booked weddings and events and would like to assure all customers that we will be in contact as soon as possible to confirm booking details," said chairman Michael Kearney.
Tánaiste Mary Coughlan welcomed the announcement. "The Castletroy Park Hotel is not only an important landmark and facility in Limerick, it is also a substantial employer in the Castletroy area," she said.
