[an error occurred while processing this directive]
[an error occurred while processing this directive]
On-Air Now
Listen Live

Rival hotel group angry over Sefton deal

Wed, 24 Apr 2013

Sleepwell Hotels say there is “little rationale” for investing any more money into its hotels on the Isle of Man.

The hotel group is angry at government’s decision to step in to stop the rival Sefton Group failing after it racked up debts of £72 million.

Sleepwell owns three hotels, as well as restaurants, bars and a nightclub and has invested £30 million on the Island over recent years.

Managing director Mark Wilson says the decision has created a biased and dysfunctional commercial environment and the unfair competition will make it difficult, if not impossible, for the group to trade profitably in the future.

He adds that a time when many are struggling to succeed in the difficult economic climate government has made it more difficult by favouring one enterprise over many others.


Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed