News that the Lynch Hotel Group has gone into examinership with debts of 23 million has been described as a huge blow to the Clare hotel industry.
The family run Clare business confirmed yesterday that it’s begun the proceedings voluntary for its 7 hotels in Clare, Limerick and Mayo.
The company says that they have taken the action to restructure their business and as a long-term step to ensure the future of the Lynch Hotel Group, which employs 530 people throughout the west of Ireland
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Michael Vaughan, Chairman of the Shannon branch of the Irish Hotel Federation says he’s confident that the group will survive the process and come out stronger than ever.
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