.... in the Sunday Business Post yesterday
Five-star luxury hotel set to close
09 November 2008By Susan Mitchell
The €70 million, five-star Castlemartyr Hotel in east Cork will close next weekend, although its owners have said it will reopen next year.
The hotel opened in August last year, but has had to cut its prices and has stopped operating under the Capella brand. It was developed by Cork construction group John F Supple, which last month agreed a financial survival package with creditors.
Hotel staff confirmed it would close on November 19, but said it would reopen in February. A spokesman for the hotel said: ‘‘We are in discussions with a new operator, but we are bound by a confidentiality agreement, so I am not in a position to comment."
The hotel initially charged more than €400 per night. Rates have plummeted in recent months, with the hotel advertising mid-week rates of €179 per person sharing for two nights’ bed and breakfast plus one evening meal.
Last month, staff at the 103-bedroom hotel threatened to walk out, claiming the recruitment agency that employed them on behalf of the hotel had said it could not pay them, as the hotel had not paid it in six weeks.
The Castlemartyr resort includes an 18-hole golf course and clubhouse, a spa and fitness centre, and was included on Conde Nast Traveller’s 2008 hot list.
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I wonder which hotels will be next to follow ....
Five-star luxury hotel set to close
09 November 2008By Susan Mitchell
The €70 million, five-star Castlemartyr Hotel in east Cork will close next weekend, although its owners have said it will reopen next year.
The hotel opened in August last year, but has had to cut its prices and has stopped operating under the Capella brand. It was developed by Cork construction group John F Supple, which last month agreed a financial survival package with creditors.
Hotel staff confirmed it would close on November 19, but said it would reopen in February. A spokesman for the hotel said: ‘‘We are in discussions with a new operator, but we are bound by a confidentiality agreement, so I am not in a position to comment."
The hotel initially charged more than €400 per night. Rates have plummeted in recent months, with the hotel advertising mid-week rates of €179 per person sharing for two nights’ bed and breakfast plus one evening meal.
Last month, staff at the 103-bedroom hotel threatened to walk out, claiming the recruitment agency that employed them on behalf of the hotel had said it could not pay them, as the hotel had not paid it in six weeks.
The Castlemartyr resort includes an 18-hole golf course and clubhouse, a spa and fitness centre, and was included on Conde Nast Traveller’s 2008 hot list.
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I wonder which hotels will be next to follow ....