Judge appoints examiner to naas hotels

Decision means Kilashee House Hotel and Lawlor’s Hotel will continue to operate

Court protection and examinership for companies involved in operating two hotels in Naas employing 250 people.
Court protection and examinership for companies involved in operating two hotels in Naas employing 250 people.

A High Court judge has approved court protection and examinership for companies involved in operating two hotels in Naas employing 250 people on grounds both hotels appear to have a reasonable prospect of survival as going concerns.

The decision means the four-star Kilashee House Hotel and Lawlor's Hotel will continue to operate as normal while the examiner, Kieran Wallace, prepares a survival plan.

Mr Justice Peter Charleton approved protection for Craigfort Taverns Ltd, op- erator of the Kilsahee Hotel and Spa employing 182 people; Kilashee Schools Company Ltd, owner of some 25 acres lands adjoining the hotel containing car parks and grounds used by residents; and Marchford Ltd, operator of Lawlor's, employing 68 people.

The judge refused protection for Faxhill Homes Ltd, a property holding company owned by Co Kildare builder John Tierney, which is the parent company of the other companies. Faxhill has liabilities of some €77 million to the National Asset Management Agency.

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Nama opposed protection for Faxhill but took a neutral position on examinership for the other firms.

Mary Carolan

Mary Carolan

Mary Carolan is the Legal Affairs Correspondent of the Irish Times