Kieran Wallace of KPMG has been appointed as the receiver by Ulster Bank to two assets of Galway-based Earls Holdings Ltd: The Radisson Blu Hotel Athlone, and East Nightclub in Ballinasloe.
Both businesses will continue to trade throughout the receivership process. The appointment of the receiver will not affect the jobs of the 89 full-time and part-time hotel employees or the 15 full-time and part-time nightclub employees, who were informed of the receivership Wednesday morning. There will be no interruption in trade and all customer bookings, deposits, and vouchers will be honoured. The receiver is confident that the process of receivership will enable both businesses to continue to trade successfully.
Earls Holdings Ltd operates the hotel under the Radisson Blu franchise. Earls Holdings Ltd does not own any other Radisson Blu franchises in Ireland and the Receiver confirms that no other Radisson Blu hotels have been affected by this announcement.