During the dark days of the global financial crisis, the hotelier Pat McCann saw something few others could: opportunity. His industry was in crisis, so woeful that even Nama, the agency established by the state to offload toxic assets, had not put most of its hotels on the market for fear no one would buy them. One out of every six hotel rooms were under the direct control of a bank, and there were various reports recommending taking out between 12,300 and 15,300 from the system to balance the supply/demand matrix.  McCann, however, saw potential, developing a plan to first…

Special New Member Offer

Become an annual member today and get a free copy of “Aer Dogs, How a small group of Irish entrepreneurs brought low-fare air travel around the world” by Tom Lyons

Subscribe

Cancel at any time.

Are you already a member? .