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Leading Portrush hotel goes into administration Leading Portrush hotel goes into administration
(35 minutes later)
A leading north coast hotel has been put into administration by the Irish Republic's National Asset Management Agency (Nama).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.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.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.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 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 69-bedroom hotel has an annual turnover of £2.2m and has won several awards.
Staff informed
The owners were informed on Thursday afternoon that administrators had been appointed and will now run the hotel.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 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.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. In a statement on the hotel's Facebook site, Alistair Kennedy said the business would trade as normal.
"We have been assured that all bookings and reservations are safe," he said.
"The Kennedy family who have owned and operated the hotel for the past 11 years would like to thank all our customers and friends for the support and custom they have given us over that period of time."
Mr Kennedy said he hoped customers would continue to support the hotel's staff "during what is obviously going to be a very difficult period for all involved".
DUP MPs Gregory Campbell and Ian Paisley have expressed concern at the administration move and said they hoped to raise the matter with Nama through Finance Minister Sammy Wilson in the days ahead.