Hayes' Hotel in receivership

Cerbera · 24-04-2013 6:09pm #1

I just heard on the news that Hayes' Hotel in Thurles (and it's sister hotel from the Mulcahy Group, The Creggan Court in Athlone) are gone into receivership.

Talk about the reverse midas touch eh?

29-04-2013 11:18pm

Cerbera wrote: »

I just heard on the news that Hayes' Hotel in Thurles (and it's sister hotel from the Mulcahy Group, The Creggan Court in Athlone) are gone into receivership.

Talk about the reverse midas touch eh?

Given the history i would hope that Hayes Hotel can be saved somehow. I think it was Sean Kelly suggested that the GAA should buy it a few years back. They may get it now at a knock-down price.

flanders1979 · 30-04-2013 4:24pm

bejazus

jkmanc1974 · 01-05-2013 7:22am

Heard last night that the Anner Hotel in receivership also - think that they are the only 2 hotels in Thurles? Sad for the town....

Brgds
Johnny

Cerbera · 02-05-2013 1:22pm

"Be careful who you walk over on your way up, you just may meet them coming towards you on your way back down"

tipptom · 03-05-2013 3:56pm

Cerbera wrote: »

"Be careful who you walk over on your way up, you just may meet them coming towards you on your way back down"

Elaborate?

OAOB · 27-08-2014 6:27pm

Just saw this is up for auction in mid Sept with a guide price of 500,000. You'd have to presume it'll beat that. Really think this is something the GAA should be investing in
http://www.allsopspace.ie/auction/lot/24856

30-08-2014 2:08pm

OAOB wrote: »

Just saw this is up for auction in mid Sept with a guide price of 500,000. You'd have to presume it'll beat that. Really think this is something the GAA should be investing in
http://www.allsopspace.ie/auction/lot/24856

Will Lar/Macklin/Coppinger remain interested i wonder?

The GAA really do need to consider it. They'll get it for a relative steal (prob under 1m since no one was interested at 800k) and they could make that money back in relatively no time. If not sure its no real sting to them they've loads of money. Makes sense with it being the spiritual birthplace.

Whatever happened to the Munster? Just seems an awful waste lying idle. Thurles is a GAA town that hosts several matches and is just a few miles from the motorway so its a real pity that there is this danger of there being shortage of hotel space in the town.

tipptom · 30-08-2014 7:12pm

Deleted User wrote: »

Will Lar/Macklin/Coppinger remain interested i wonder?

The GAA really do need to consider it. They'll get it for a relative steal (prob under 1m since no one was interested at 800k) and they could make that money back in relatively no time. If not sure its no real sting to them they've loads of money. Makes sense with it being the spiritual birthplace.

Whatever happened to the Munster? Just seems an awful waste lying idle. Thurles is a GAA town that hosts several matches and is just a few miles from the motorway so its a real pity that there is this danger of there being shortage of hotel space in the town.

Don't know where Macklin or Corbett would have that sort of money and the money to invest in badly needed refurbishment unless they had a big time investor behind them but their earlier viewing that was leaked out seemed to garner plenty of publicity for them.

30-08-2014 7:28pm

tipptom wrote: »

Don't know where Macklin or Corbett would have that sort of money and the money to invest in badly needed refurbishment unless they had a big time investor behind them but their earlier viewing that was leaked out seemed to garner plenty of publicity for them.

Coppinger has a fair bit behind him id say.

tipptom · 31-08-2014 10:43am

Deleted User wrote: »

Coppinger has a fair bit behind him id say.

Maybe,dont know much about him,but what does Lar and Matthew take to the party?

31-08-2014 1:45pm

tipptom wrote: »

Maybe,dont know much about him,but what does Lar and Matthew take to the party?

Well i suppose their name really with both being relatively popular sporting stars.
Although Macklin probably has a bit of money behind him too for prize fighting to be fair

tipptom · 31-08-2014 2:36pm

Deleted User wrote: »

Well i suppose their name really with both being relatively popular sporting stars.
Although Macklin probably has a bit of money behind him too for prize fighting to be fair

Obviously don't know but I would think Lar has nearly more money than Macklin,he has never really hit the big time and a lot of money fritters away in between fights and small prizes for stepping stone fights.
Maybe he could have some of his wealthy friends in Spain behind him.

31-08-2014 8:31pm

tipptom wrote: »

Obviously don't know but I would think Lar has nearly more money than Macklin,he has never really hit the big time and a lot of money fritters away in between fights and small prizes for stepping stone fights.
Maybe he could have some of his wealthy friends in Spain behind him.

Two World Title fights against Sturm and Martinez is fairly big pay days win, lose or draw id imagine?

tipptom · 01-09-2014 4:07pm

Deleted User wrote: »

Two World Title fights against Sturm and Martinez is fairly big pay days win, lose or draw id imagine?

Two decent purses no doubt but out of a long career but when you take all the expenses out to managers,trainers,coaches and traing in between it can water down pretty quickly. He needs to take a title pretty soon and get defences of it to hit financially secure paydirt imo.

I think if the GAA don't do something,an American venture crowd will come in for it like the crowd that have come in for Barney Curleys old place in Westmeath that he put up lotto style back in the 80s.

Xenophile · 02-09-2014 4:46am

If the GAA could by it and somehow incorporate Lar Na Pairce and the Tipp County Board Administration into the building it might just might be the right GAA Museum for all of Ireland

02-09-2014 4:34pm

Xenophile wrote: »

If the GAA could by it and somehow incorporate Lar Na Pairce and the Tipp County Board Administration into the building it might just might be the right GAA Museum for all of Ireland

Whats the story with the current Lar Na Pairce on the Sliabhnamon road? Do they own or rent that building?

mrsbyrne · 16-09-2014 6:01pm

Any rumours as to the lucky buyer?

Loughc · 17-09-2014 9:48am

mrsbyrne wrote: »

Any rumours as to the lucky buyer?

http://tippfm.com/news/news_detail/the_new_owner_of_hayes_hotel_in_thurles_has_been_revealed

There you go

ukoda · 17-09-2014 9:53am

Loughc wrote: »

http://tippfm.com/news/news_detail/the_new_owner_of_hayes_hotel_in_thurles_has_been_revealed

There you go

"Bring it back to its former glory" he says, what glory was that exactly? it was never a glorious venue.

Mantis Toboggan · 17-09-2014 10:10am

He'll sell it in 12 months for over a million.

mrsbyrne · 17-09-2014 10:51am

ukoda wrote: »

"Bring it back to its former glory" he says, what glory was that exactly? it was never a glorious venue.

Its a bit suspicious alright.

17-09-2014 12:41pm

Best of luck to the new owner either way and hopefully the hotel will be successful for years to come whichever hands it falls into. Its not just any hotel after all, its the birthplace of the greatest gift Ireland ever gave to its people. OK the GAA as an organisation aren't everyone's cup of tea but hurling and football have provided the Irish people with many happy days.

hinault · 17-09-2014 8:57pm

The fact that the GAA chose not to bid for Hayes Hotel is indicative.

It's a pity that a hotel with it's heritage was left to descend to the levels that it did under the previous owner.
It was an embarrassment.

In 2010, the Tour of Ireland cycling event started/finished in Thurles.
This race had attracted the likes of Mark Cavendish, Frank and Andy Schleck.
Worldwide audience with pictures and images beamed to at least 100 million viewers.

Gary Imlach did a piece to camera about the location - Thurles - where the stage was starting/finishing.

Of course reference had to made to the home of hurling for Imlach's piece. Great.

But filming inside Hayes Hotel didn't inspire a great depiction of a place which, if it was located somewhere else, would be treated with a lot more respect.
I doubt that if the GAA had been founded in Kilkenny City or Cork City that the location would be allowed to fall in to the state that it was in Thurles.

And I very much doubt that any of that 100 million audience would have been persuaded to visit Thurles.

Grab All Association · 17-09-2014 9:01pm

Deleted User wrote: »

Whats the story with the current Lar Na Pairce on the Sliabhnamon road? Do they own or rent that building?

They own it. I can't remember the name of the bank that was there. I know it merged with Munster and Leinster to become AIB. Shannon Development bought the building and the Tipperary GAA payed them back for a couple of years (i think)

17-09-2014 10:32pm

hinault wrote: »

The fact that the GAA chose not to bid for Hayes Hotel is indicative.

It's a pity that a hotel with it's heritage was left to descend to the levels that it did under the previous owner.
It was an embarrassment.

In 2010, the Tour of Ireland cycling event started/finished in Thurles.
This race had attracted the likes of Mark Cavendish, Frank and Andy Schleck.
Worldwide audience with pictures and images beamed to at least 100 million viewers.

Gary Imlach did a piece to camera about the location - Thurles - where the stage was starting/finishing.

Of course reference had to made to the home of hurling for Imlach's piece. Great.

But filming inside Hayes Hotel didn't inspire a great depiction of a place which, if it was located somewhere else, would be treated with a lot more respect.
I doubt that if the GAA had been founded in Kilkenny City or Cork City that the location would be allowed to fall in to the state that it was in Thurles.

And I very much doubt that any of that 100 million audience would have been persuaded to visit Thurles.

In fairness though, the GAA (as in the Central Council) could have well afforded to buy Hayes and get burnt on it. Think of the Revenue they will receive for the All Ireland replay alone and then compare it to what Hayes went for. Its a pity the GAA didnt see the opportunity in it. I think they've missed a trick.

tipptom · 18-09-2014 7:34am

ukoda wrote: »

"Bring it back to its former glory" he says, what glory was that exactly? it was never a glorious venue.

Lad is only in his late 20s,wow,what part of the hospitality sector is he in in Blighty?

mrsbyrne · 18-09-2014 4:25pm

tipptom wrote: »

Lad is only in his late 20s,wow,what part of the hospitality sector is he in in Blighty?

I shudder to think.

CorkFenian · 19-09-2014 10:43am

Family money....Hayes will be his plaything basically..

DEFTLEFTHAND · 19-09-2014 4:52pm

CorkFenian wrote: »

Family money....Hayes will be his plaything basically..

Really? that doesn't sound too good.

I was thinking he seemed a bit young to be buying a hotel. You'd want years of experience in the industry particularly at management level before taking something like this on. I've seen inexperienced people make a hash of it before.

tippspur · 19-09-2014 9:25pm

I read that this Auction also sold 40 apartments in Clonmel for 1.65 million,anyone what part of town these are in.

btb · 24-09-2014 1:13pm

Look here, but cant see any apartments in clonmel listed

http://www.allsopspace.ie/auction/past

Loughc · 24-09-2014 5:12pm

tippspur wrote: »

I read that this Auction also sold 40 apartments in Clonmel for 1.65 million,anyone what part of town these are in.

There was a portfolio of offices and warehouses sold by auction for that amount perhaps its that you saw and just got mixed up with the apts that went on sale by auction in dublin.

Hayes' Hotel in receivership

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