Jobs secure at Travelodge in Limerick

Nick Rabbitts

Reporter:

Nick Rabbitts

THERE is no danger to 45 jobs at the Travelodge hotels in Limerick, despite its landlords going into receivership.

THERE is no danger to 45 jobs at the Travelodge hotels in Limerick, despite its landlords going into receivership.

NAMA has appointed a statutory receiver to assets belonging to Cracken Properties.

Controlled by Limerick businessmen John Shee and Joe Hanrahan, the group has a share in the large Parkpoint Complex on the Dublin Road, home to Travelodge Castletroy, and a building in Coonagh, home to the budget hotel firm’s first city hotel, containing 72 bedrooms.

Cracken Properties also own a variety of retail centres, and residential holiday homes across the region - including one on the Dublin Road.

The two businessmen also set up Mowlam Healthcare, which operates three care centres in Limerick, which caters for almost 60 elderly people.

But because they resigned as directors last year, Mowlam is unaffected by Cracken’s receivership.

The managing director of Travelodge Ireland, Seamus McGowan has confirmed that the hotels will be unaffected.

“It will have absolutely no effect. We are just tenants, so we would not be affected by this. Our lease continues as is. Cracken Properties is in receivership, but we are just carrying on as always,” he told the Limerick Leader.

Mr Hanrahan and Mr Shee set up the country’s largest healthcare provider, Mowlam Healthcare, which operates more than 16 care homes across the country, including three in Limerick.

A statement from Mowlam, Healthcare read: “Mowlam Healthcare can confirm the receivership of Cracken Properties has no impact on the company. Joe Hanrahan and John Shee are no longer directors or shareholders of Mowlam Healthcare.”

NAMA has appointed PricewaterhouseCoopers as receiver to three Cracken firms.