The loss of over 90 bedrooms at the Mount Murray Hotel in Thursday's blaze is a big problem for accomodation on the Island.
That's the belief of Chief Minister Allan Bell.
Mr Bell says as it seems a re-build could take over a year, it's going to leave a big hole in the sector in the interim.
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Juvenile charged with murder of 14-year-old boy in Ramsey
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Report into poverty on the Isle of Man published