Written answers

Tuesday, 23 May 2006

Department of Transport

Great Southern Hotels Group

9:00 pm

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour)
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Question 354: To ask the Minister for Transport the position regarding the proposed sale of the Great Southern Hotel Group; if a valuation has been done on each hotel; if a reserve price will be placed on the hotels; the total revenue likely to be raised from the sale of the hotels; and if he will make a statement on the matter. [19321/06]

Photo of Martin CullenMartin Cullen (Waterford, Fianna Fail)
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I have been informed by the Dublin Airport Authority that the hotels of the Great Southern Hotel (GSH) Group were advertised for sale by public tender on 17 May last and that the closing date for receipt of tenders is 23 June 2006. Professional advisors have been retained by the board of GSH to advise on the sale. The Deputy will appreciate that it would not be appropriate for me to comment on any of the commercial aspects of the proposed transaction at this time.

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