Assets sold by the liquidators will help recoup cash for IBRC creditors, including the State.
The properties involved are understood to be worth hundreds of millions of euro. They were at the heart of a bitter, near decade-long, dispute between the liquidators and the five adult children of one-time business tycoon Sean Quinn.
Quinn International Property Management Ltd does not own the properties it says will be sold but is involved in managing them. The accounts filed in the UK show it was paid £2.2m (€2.44m) in fees in 2019 alone by companies including those operating the Slieve Russell Hotel, close to the Quinn family home in Co Cavan, Quinn Hotels Praha – which runs the huge Hilton Hotel Prague in the Czech capital – as well as companies linked to a Holiday Inn Hotel in Nottingham, England and the Quinns’ former pubs business. The accounts don’t even list what properties are to be sold, however.