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| Leading Portrush hotel goes into administration | Leading Portrush hotel goes into administration |
| (about 1 hour later) | |
| A leading north coast hotel has been put into administration by the Irish Republic's National Asset Management Agency (Nama). | |
| The Ramada in Portrush, which was owned by the Kennedy family, went into administration on Thursday. | |
| East Londonderry MP Gregory Campbell said he feared the move could see the hotel sold at a significant discount. | East Londonderry MP Gregory Campbell said he feared the move could see the hotel sold at a significant discount. |
| He said it could mark the start of a so-called "fire sale" by Nama of properties it holds in NI. | |
| Nama has always maintained it is not in its interests to have a fire sale in Northern Ireland. | |
| Shock | |
| So far, there has been no comment from the agency. | So far, there has been no comment from the agency. |
| The news was met with shock by the owners and local politicians. | |
| The 69-bedroom hotel has an annual turnover of £2.2m and has won several awards. | |
| The owners were informed on Thursday afternoon that administrators had been appointed and will now run the hotel. | |
| The 50 full-time and part-time staff have been informed. | |
| The owners said that despite several requests, they had been unable to meet with Nama over the past few months. | |
| DUP MPs Gregory Campbell and Ian Paisley have expressed concern and said they hoped to raise the matter with Nama through Finance Minister Sammy Wilson in the days ahead. |