‘Buyer beware’ sign put up near hotel

The sign outsie the Park Hotel, not put up by Philip Kirk
The developer of the Park Hotel on the Armagh Road, Dundalk has denied that he put up a sign ‘warning off’ any new owner of the hotel.

The developer of the Park Hotel on the Armagh Road, Dundalk has denied that he put up a sign ‘warning off’ any new owner of the hotel.

The sign - KIRK LAND - NO SALE HERE - BUYER BEWARE - has been erected across the road from hotel on the land of Mr Philip Kirk, the developer of the property. The hotel was pu t up for sale by a receiver.

The Democrat reported that the sale of the property has been agreed, reputedly for a price in the region of €1.4 million.

The sign sends a stark message to any potential buyer of the land, which is being sold by receiver Padraic Monaghan of KPMG. Firmly denying he had anything to do with the sign, Mr Kirk says he believes supporters of the family are behind it.

“People are angry at that bank, who have gotten Ireland into its current mess, are able to turn up and put people’s lights off in this manner.

“They are also annoyed the banks are able to do this.

….The people who put this up aren’t going to go away.”

Describing the situation as ‘a mess, Mr Kirk said that as far as he knows, there is no water and sewage running to the hotel.

“There is currently no water and no sewage. It would cost a huge amount to bring water and sewerage works down the Armagh Road and under the railway lines. It would be a nightmare.”

Water and sewerage works had previously traversed land belonging to Mr Kirk’s aunts, but he maintains the use of this has now been withdrawn.

He added that the family might be willing to do a deal, if the interested parties were prepared to talk with him.

Mr Kirk also maintains the hotel is worth to €5 - €6 million,

There are over 96 acres of valuable land with the hotel, much of which formed part of the golf course.

According Mr Kirk over €30 million was spent on the hotel and golf course complex.

“The hotel failed because it could never service the massive repayments owed to ACC. It could have been in Manhattan and it wouldn’t have worked.”

The Dundalk Democrat attempted to contact receiver Padraic Monaghan of KPMG but he was not available at the time of going to print.

The auctioneer Savills had no comment to make about the property.