Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Graffan Properties Ltd, a firm that develops hotels, is to open a new hotel in Belfast and create 100 new jobs. The Fitzwilliam Hotel will have 131 rooms and will involve an investment of 20 million GBP. Lord Mayor of Belfast Jim Rodgers said:
‘[The development of the hotel] means increased jobs for area residents, growth opportunities for local business owners and forward movement on a rejuvenated Belfast tourism trade,’
The hotel will be managed by Hotel Partners, a specialist hotel management company, and is expected to be open by February 2009.
Eurofound (2007), Graffan Properties Ltd, Business expansion in United Kingdom, factsheet number 65719, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65719.