Transhotel in administration

Well known bed bank Transhotel, have gone into a Spanish type administration.   This gives the company three months to allow them to find a buyer or to raise extra funding.

However the main problem may be that hotels might refuse bookings.   As well as this, several other bed banks have used Transhotel and feature their bed bank stock.

Whilst no information is yet available on bookings held by the Irish trade, it is thought they could be significant, as Transhotel used to have a Dublin office and dealt extensively with the Irish trade.

More news will follow.