Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

5:10 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent)
Link to this: Individually | In context | Oireachtas source

Lloyds sells 4,000 Irish non-performing loans. Lone Star controls mortgages representing 5% of all outstanding mortgages in Ireland. It got its first bite for €1.1 billion. These guys are unregulated and we want to know what is happening. Mr. Daly mentioned having sold 28 out of 137 hotels. Ten of them were in the Moran hotel group and Canyon Capital is flipping ten of them after only 24 months in a big deal organised with Dalata, Starwood Capital and Marathon.