Tifco, the Irish Hotel chain backed by US private equity giant Apollo Global Management,  has failed to sink a €3.5 million legal action brought against it by leading property developers Stephen and Jim Bennett. Quite aside from the havoc wreaked in the hospitality sector by Covid-19, Ireland’s second-largest hotel group is mired in a High Court row around the acquisition of the 14-storey Crowne Plaza Hotel in Dundalk which it bought for €4 million in 2014. An attempt to have the case struck out on grounds that the proceedings are frivolous and vexatious, disclose no reasonable cause of action, and…

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