A receiver has been appointed to the Carlton Hotel in Kinsale.

Kieran Wallace of KPMG was appointed as receiver over the property yesterday.

All 94 staff will continue to be employed and the business will continue to trade as normal, according to the receivers, while the hotel will also honour all customer bookings, deposits, memberships and vouchers.

The four-star hotel is located on 90 acres overlooking Oyster Haven Bay in Cork.

Although part of the Carlton Hotel Group, it is understood that all hotels in the group are operated independently and have different ownership structures. As a result the other eight hotels in the group are expected to be unaffected by the receivership.

The company behind the Kinsale property is Gable Holdings Limited, a Cork-based property company.

Tadhg O’Brien and John Twomey are listed as shareholders of the company.

The company had a shareholders’ deficit of €6.02 million in the year ended August 2011, compared to a deficit of €4.4 million the previous year.