Hotelier on the comeback trail after 'difficult years'
Hotelier Michael B Lynch admitted yesterday that it has been a difficult few years after his hotel business crashed in 2011.
Mr Lynch was speaking outside Ennis Courthouse moments after he was confirmed as the new licensee through MG Hotel Investments of the Kilkee Bay Hotel as he continued his comeback in the hotel business.
In 2011, the Lynch Hotel Group - which recorded a peak turnover of €45m and employed 500 people - collapsed when a receiver was appointed to two of the hotels. None of the hotels operates under the Lynch banner any more.
Asked on the last number of years following the collapse of the family-owned Lynch business, he said: "They have been difficult - of course they have been - but I am just getting back into business now."
Mr Lynch said of the Kilkee Bay hotel: "We are holding our own. We have 40 people employed - it is a good tourism boost for the area".