>Irish Hotels 'being run by banks'

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>CREDIT CRUNCH: BANKS ARE effectively managing 30 hotels, in order to keep capital allowances alive and minimise losses, it has been claimed.
John Brennan, owner of The Park Hotel Kenmare, said banks are propping up hotels by hiring management teams to sell five-star rooms at two-star rates.

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http://www.irishtimes.com/newspaper/travel/2009/0725/1224251292099.html

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