Namara Hotels

... much below the price paid by the previous owner of the hotel, Bernard McNamara, a property developer from Ireland. In 2007 he bought The Burlington from JDH for tremendous US$373 million. Later the hotel was transferred to the Bank of Scotland that appointed Grant Thornton as a receiver. At that time the guide price of the 4-star hotel was US$97 million. Even though this time the sale ... Read complete news