Friday 18 April 2014

Dracula hotel sale the latest horror for INBS

The Irish Nationwide taxpayer horror story has taken another terrible twist as Oakley Court, a luxury hotel used in Hammer films including Brides of Dracula, has been put on the block.

Colliers International has put the Berkshire hotel up for sale with a guide price of £36m (€41m). This price will only cover half of its borrowings of £72m from Michael Fingleton's failed building society.

A company controlled by Bernard Costello, a builder, and the late Liam Maye, bought the hotel in 2006 for £50m. KPMG was appointed as administrator to the company behind the hotel in March. Up to 200 movies were shot in or around the hotel, which also served as Dr Frank-N-Furter's castle in The Rocky Horror Picture Show.

Irish Independent

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