The Ritz-Carlton Powerscourt has been put into liquidation.
Declan Taite of RSM Farrell Grant Sparks, has been appointed liquidator to Carrylane Limited, which trades as The Ritz-Carlton Powerscourt. Mr Taite had been appointed by the High Court as examiner to the company on November 19th, 2012.
The company owed the National Asset Management Agency €47 million and Ritz-Carlton Hotel Company BV (RCHC), operator of the hotel and part of the international Marriott Group, was expected to invest in it.
The five-star 200-room hotel is on Powerscourt Estate in Co Wicklow and employs 293 staff.
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The liquidator said he has secured funding to continue to operate the hotel for two weeks while looking to conclude a sale.