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Case regarding Ard Rí to appear before High Court

Case regarding Ard Rí to appear before High Court

The former Ard Rí Hotel is to be the subject of a High Court case next week.

The Treacy Hotels Group is to clash with US fund Cerberus in a dispute over ownership of the Ard Rí property.

In 2016, the locally family-owned Treacy's Hotel say they entered an agreement to purchase the former hotel for €1.6m.

The site was subsequently sold to businessman Seamus Walsh for €1.5m, sparking a legal dispute over ownership.

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The Treacy Group maintain that in order to secure the sale, they paid a non-refundable 160 thousand euro to Promontoria Aran, part of US investment fund Cerberus.

As reported by The Irish Times, Maria Keenan, a member of the Treacy family is due to ask the High Court on Tuesday to order the contract to sell be rendered valid, or alternatively, that damages are paid.

Ms. Keenan's claims were dismissed in 2019 by the High Court, however the Court of Appeal last year decided her case should be heard.

It's expected that the receipt as evidence of the deposit paid will be produced in court on Tuesday,

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