I understand that if the Torc Hotel were to be kept operational it would require expenditure in the region of €8 million to €9 million which, in the opinion of the board of the Great Southern Hotels, could not be justified, particularly as this hotel operated for only six months each year. The Torc Hotel has now closed and it is not the intention of the board to reopen it. The board recently decided to offer the Torc for sale by public tender in the near future. The Great Southern Hotels Group is committed to accommodating the staff of the Torc either at the old hotel in Killarney or with an agreed voluntary redundancy package. The sale of the Torc will complete the group's strategy for its Kerry portfolio and ensures that borrowing for capital investment purposes remains at an acceptable level.