Friday, May 25 2012

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Irish

Lynch's view: Tax breaks

Thursday December 17 2009

"Almost every hotel built over the last few years has been using the tax breaks. The difference for us from some of the others is that we're professional hoteliers, this is what we do."

Life:

"I've no interests outside of the hotel business. I get up in the morning, I think Lynch hotels, I go to bed at night, I think Lynch hotels."

Ploughing in millions of his own money in recent years:

"To prop up the company might be the wrong term. I divested myself of my personal assets and brought the proceeds into the company. Again this business is viable, it's got a future."

Seeking investment during examinership:

"Nobody was interested in investing at the time"

Issues with the Green Isle in Dublin:

"Rates were high in Dublin at the time (when we bought it) and there was anticipation that a large number of Dublin city centre hotels would become other developments, properties in Ballsbridge etc."

Irish Independent

 
 

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