Glass firm breaks into hotels with £750k deal

A glass and PVC company in Co Antrim has defied the recession by branching into an entirely new sector — hotels.

Camden Group snapped up the landmark O’Neill Arms Hotel in Toome at auction for £750,000.

The hotel had been vacant and boarded up since January after Tom Keenan was appointed official receiver by a bank. Camden Group stepped in to buy the hotel at an auction run by commercial property agents Osborne King, appointed by Tom Keenan.

Kieran Lavery, managing director of Camden Group, said: “The hospitality industry has seen some tough times recently, and a lot of companies are still hunkered down, waiting for the storm to pass.

“This is an opportunity for us to reassert ourselves and aggressively|pursue opportunities for growth. We’re setting ourselves up to accelerate growth of the company.

The hotel is a fabulous property and a great addition to our portfolio of companies.

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600450 Glass firm breaks into hotels with £750k deal
Date: 11 November 2010

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