ONE OF Ireland’s best-known hostels, Isaacs, near Busáras in Dublin, has been put into liquidation.
Isaacs Hostel on Frenchman’s Lane, Hotel Isaacs, which fronts on to Store Street, and the nearby Jacob’s Hostel on Talbot Place have been closed since Tuesday.
Moore Stephens Nathans was appointed as liquidator to the company following a meeting of the company’s creditors on Monday.
A listing for Isaacs Hostel was removed from the Hostelworld website on Monday.
When contacted by The Irish Times on Tuesday, Isaacs Hostel was not able to provide a spokesperson, although the person who answered the phone confirmed the closure.
The management company behind the three accommodation providers, the Dublin Tourist Hostel Ltd, was incorporated in 1981. Its directors are listed as Anne Breslin, Richard Evans and Basil Good, according to the Companies’ Registration Office.
Mr Evans and Mr Good are also directors of Whitfield Developments Ltd and BR Management Ltd, both of which were placed in receivership by Ulster Bank last month, according to documents filed with the companies’ office.
Attempts to contact the three directors of the Dublin Tourist Hostel Ltd yesterday were unsuccessful.
Notice of a petition for the winding up of the company was placed in the Daily Mail in November 2011.
The last available accounts for the company for the year ending October 31st, 2010, show it made a loss after tax of €217,760 for the accounting period.
At that time the company employed an average of 71 people, down from 140 a year earlier.
The newest edition of Lonely Planetlists Isaacs Hostel as one of its "top choice" places to sleep in Dublin. "Located in a 200-year-old wine vault, this popular, grungy hostel with loads of character is the place to head to if you want one of the cheapest beds in town – without sacrificing the basics of health and hygiene. The lounge area is where it all happens . . . Global nomads will feel right at home," the book reads.