Dillons Quality Court Hotel was placed into the receivership of Deloitte yesterday.
The major financial house will now handle the day-to-day running of the hotel for the foreseeable future.
The hotel will continue to operate as normal and there have been no announcement of job losses.
The news comes hot on the heels on the recent closures of a number of shops and restaurants on the town’s Main Street in recent weeks.
The most recent to close was well-known clothing store Classic Casuals.