Having been shuttered for three months, Ireland’s battalion of hotels will tentatively begin to reopen in the coming weeks. However, faced with social distancing regulations and a lack of overseas tourists, the industry estimates that revenues could collapse by 40 per cent for the next 12 months. For some, it is simply too much. Next Tuesday afternoon, creditors of one of the country’s largest hotel operating companies, The Key Collections, will gather remotely – by phone or teleconferencing facilities. Their task? To liquidate 14 companies associated with the hotel brand. It is the first major casualty in the hospitality industry…
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