'Birthplace of GAA' in receivership over debts
The birthplace of the GAA has become the latest victim of the recession.
The iconic Hayes Hotel in Thurles, Co Tipperary, has gone into receivership over debts to state-owned bank AIB.
Accountants Kieran Wallace and Padraic Monaghan of KPMG were appointed as joint receivers over the 34-bedroom Hayes Hotel in Thurles and the 70-bedroom Creggan Court Hotel in Athlone, Co Westmeath, yesterday.
The hotels are both owned by Frank and Mary Mulcahy's Mulcahy Enterprises. Both hotels will remain open following the appointment of receivers.
Hayes Hotel is well-known to match-goers travelling to Semple Stadium for big games including Munster finals.
It is best known as the site where the GAA was founded in 1884 by Michael Cusack, Maurice Davin, John K Bracken, George McCarthy, PJ Ryan, John Wise-Power, and John McKay.