Moran Hotel Group writes down €406m on value of property and in goodwill
Company left with an after-tax loss of €353.7m for the year to the end of January 2012
Hotel group reduces debt burden by €500m
Moran Hotel group, including Red Cow complex, in financial restructuring
US fund Canyon Capital buys out Ulster Bank’s debt in Moran Hotels
Purchase of loans gives Canyon a 35% stake in Irish hotel chain
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