Waterford castle Management wrote: » Hi Elliotlumb As stated by the castle it will be business as normal and the castle is trading day to day as normal. As we all know there are loads of hotels in receivership for instance The five star Lyrath Hotel, the Ritz Carlton or Fota Island Resort, all these hotels are trading as normal just like Waterford Castle will... The Fota Island Resort has been in receivership for over two years and all their weddings have went ahead as planned and is trading perfectly. There is no worry for Waterford Castles future as stated on your call you received the other day. The castle looks forward to a very bright future. If you have any queries please do not hesitate to contact the castle
Hoffmans wrote: » definitely the jewel in the crown of waterford hotels ,hope their financial woes get sorted , who owns the gaff?
Sully wrote: » Seems to be private security on ferry and on site today, for whatever reason. Not sure if this is normal or not, never seen it before.
kaef wrote: » A good few things were robbed couple of days before liquidator's walked in, so I understand why is it secured 24/7
Viserion wrote: » We are getting married in Waterford Castle very soon (within a month) and I am very nervous about the whole situation. Waterford Castle have done very little to put my mind at ease about the whole situation and have basically fobbed off everything that has been reported in the media, saying that everything is great now that NAMA are involved. I am worried that on the day of our wedding signs of the present situation will be very evident around the Castle. For example, after I heard about their head chef of 17 years leaving, I wanted to check if the menu for our wedding would stay the same (we have a number of vegetarian guests and I wanted to make sure the vegetarian option in particular wouldn't be changed to something plain and boring), I spent an hour on Friday between 10a.m. and 11a.m. ringing the main number of the Castle and got no answer, when I eventually got through, someone in the clubhouse picked up the phone (eventhough I had been ringing the main number) and told me they didn't know what was going on in the Castle and told me to keep ringing. I kept ringing and eventually got through to the Castle and when I asked to speak to someone about the menu I was told someone would ring me back, I waited 3 hours and nobody called me so I rang again and eventually spoke to someone. Personally speaking, I would expect Friday morning to be a time when a hotel reception would most definitely be easily accessible with people making bookings for the weekend and I would certainly expect with the present situation that the Castle would be putting their best face forward and taking every available opportunity to assure anyone contacting them that everything is business as usual. We are just hoping that our wedding goes smoothly and if there is any problems that we won't be stuck with having to make do with what they can provide because it'll be too late to make alternative arrangements.
Sully wrote: » You may have just called at a bad time. I called out the other day and there was a friendly lady on reception and guests floating around in the lobby area and in the grounds. The ferry was very busy. The only thing I noticed was people who looked like security and I only noticed it because they were never there before. But to others, no notice may be taken. There are plenty of hotels in NAMA where it remains business as usual. You would be surprised, you don't hear about a lot of them.
Counsel said NALM was also concerned about an increase in creditors arriving unannounced to Waterford Castle seeking "self help remedies". One creditor sent debt collectors and another another has threatened to inform all golf members of non-payment. Another creditor also threatened to block access to the ferry, which is the only way Little Island can be accessed from the shore, unless they got paid, counsel added.
wmpdd3 wrote: » Must be the reason for the security.
Deise Vu wrote: » I hate to labour the point but that is nonsense. When a company is careering towards insolvency they cannot afford to lose the confidence of the few suppliers that are still providing credit. Thus, blocking the ferry would be catastrophic, or informing the members of the difficulties (incidentally the members were already all too aware anyway). What would be the point of blocking the ferry now? The old operators are no longer involved and a wind-up process is in train. Anyone sending debt-collectors for 'DIY' solutions would have to deal with the guards now. How many businessmen will risk a court appearance and conviction for theft to recover a debt? The ridiculous security overkill is nothing but a receiver who does not give a monkeys about the cost of the receivership and the return to ordinary creditors because he is working for the bottomless pit of munificence to insolvency practititioners that is NAMA. ie You and me - the taxpayer.
Finnbar01 wrote: » How many well put it this way, if your business is already struggling and is heading for bankruptcy, along with your livelihood, I'd say many businessmen/creditors would be more than happy to take a chance with the gardai, even if it meant getting some of their money back to stay afloat.
Deise Vu wrote: » If they extended a huge amount of credit to a company that it is well known to have been in trouble for at least 4-5 years and think they can steal something that will clear that debt, I would not describe them as businessmen.
Jsut as a matter of interest could people suggest something that might be nicked? Bearing in mind you would have to bring your truck / van over on the ferry, take what you are looking for and get back over the ferry before any of the employees / receivers spot you and call the guards, and bearing in mind a phone call will halt the ferry.
thomasm wrote: » http://www.independent.ie/irish-news/chinese-family-swoops-to-buy-20m-island-golf-resort-29469353.html Interesting to see the interest from China as previous poster mentioned re golf courses over here
rovoagho wrote: » We wouldn't be thick enough to buy it.
crazyman wrote: » From WLR: "Waterford Castle Hotel has been sold for well in excess of it's guide price of over five million euro. The castle, on the 310 acre island includes the golf course, clubhouse and 48 lodges. WLRFM News understands the island has been purchased by a business man who is originally from Waterford but is now living in Australia. The property was owned by a consortium, which ran up debts of almost €34 million with AIB before a provisional liquidator was appointed. Selling Agent Marcus Magnier of Colliers International says the island is set to be transformed into a world- class resort which will include more guest accommodation in the hotel." Good to see a local person buying it (although living abroad).
