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Slieve Russell in huge debt

THE Slieve Russell hotel, once a jewel in the Quinn family crown, made a €316,000 loss in 2010.

But that was substantially smaller than the massive €45.3m loss it recorded the previous year after the value of the property slumped.

New accounts show that the likely market value of the Slieve Russell sank 68pc between 2007 and 2010 from €65m to €20.6m.

Irish Independent