It is a case of life after NAMA for what was once known as the Ritz Carlton Hotel in Powerscourt.
Built by Treasury Holdings, in and out of examinership and now owned by Brehon Capital Partners, it opens its doors today under the name Powerscourt Hotel.
General manager David Webster said staff were “quite optimistic and forward-looking”, which was helped by the “fantastic product” they have to offer.
“It certainly was a difficult time but from the investment with Brehon it means we’ve got a balance sheet that is resolved and a viable business going forward,” he said.
“We are looking forward to securing good business and being a successful business.”
On the issue of the VAT rate, Mr Webster said the hospitability industry was important for the country and raising the rate of VAT it paid would likely be a hindrance to it.
Logentries a company which started its life on the UCD campus before being spun out has secured $10 million through what was one of the largest rounds of investor funding closed this year.
Logentries collects and analyses the information collected when people use a software system within an organisation. Millions of these individual log entries can occur on a daily basis even in small companies.
Being able to monitor and interpret them to see which ones are significant and may either point to problems in the system or help identify ways to help it work more efficiently is potentially of huge value to businesses.
Investors including Polaris Partners - which is in part investing money from the National Pension Reserve Fund to back Logentries - have lined up to invest in this funding round.
New orders, activity and employment within the Irish manufacturing sector have all risen according to the latest purchasing managers’ index from Investec.
The PMI, which gathers responses from 285 executives in a range of manufacturers across the country, has now registered growth in activity for the fourth straight month.
If you did not know the US government had shut down for the first time in 17 years you would have struggled to guess it from the reaction on world markets.
The S&P 500, the most broadly based US share index, fell though not dramatically. It closed just over half a per cent lower on Wall Street.
Asian markets were largely unaffected.
Figures from consultants IHS reckon the shutdown, which will see up to a million federal workers forced to take unpaid leave, will cost the $300 million a day in lost economic output.
That's a small fraction of the almost $16 trillion in annual output from the world's largest economy.
IHS says, however, the daily impact will get worse the longer the shutdown persists as it has the potential to affect business and consumer confidence and hit spending. A three week closure similar to the one in 1996 could knock up to a percentage point off annual growth.