U2-owned Clarence hit by €1.1m loss

U2 still have not found the profits they are looking for at the Clarence Hotel in Dublin – losses have more than doubled to €1.1m.

Brushfield Ltd, which trades as the Clarence Hotel, is 75% owned by U2 members Paul Hewson (Bono), Dave Evans (the Edge), Larry Mullen and Adam Clayton, with The Point owner Harry Crosbie owning the remainder.

The company’s latest filing to the Companies Registration Office shows losses for the year to the end of December 2001 came to €1.16m, an increase on the €597,186 loss the company made in 2000.