Two city hotels to shut in shake-up
The company had become dissatisfied with the contribution from its four- and five-star hotels, which in recent years acted as a drag on the more efficient three-star inns.
Revenues from the Irish hotels division, which includes the three Ballsbridge hotels, the nearby Burlington and the Westbury, fell 5% last year on the back of increased competition, while trading profits tumbled 10%. But the six Irish inns, in Dublin, Cork, Limerick and Galway, increased trading profits by 5% and revenues by 12%. Hotels in Britain and America have also outperformed their struggling Irish equivalents.
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