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Hopes raised for fate of Ritz Carlton Hotel

THE High Court has confirmed the appointment of an examiner to the company that owns the five-star Ritz Carlton Hotel in the Powerscourt Estate in Co Wicklow.

The hotel has 293 employees and boasts a Gordon Ramsay restaurant.

Ms Justice Mary Finlay Geoghegan said that, despite the "highly unusual" factual situation, she was satisfied, on the evidence the hotel trading company, CarryLane Ltd, that it had a reasonable prospect of survival if certain conditions are met.

The evidence included that Ritz Carlton Hotel Company BV (RCHC), operator of the hotel and part of the international Marriott Group, is prepared to invest in it.