Portrush hotel goes into administration

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A leading north coast hotel has been put into administration by the Irish Republic’s National Asset Management Agency (Nama).

The Ramada in Portrush, which was owned by the Kennedy family, went into administration on Thursday.

East Londonderry MP Gregory Campbell said he feared the move could see the hotel sold at a significant discount.

He said it could mark the start of a so-called fire sale by Nama of properties it holds in NI.

* More reaction see Tuesday’s Coleraine Times