Merrion Hotel remains in the red

ONE of the country’s plushest hotels, the five star Merrion in Dublin remained in the red last year although losses eased.

Pretax losses fell from €2.21 million in 2007 to €607,500 in the year to the end of October 2008. In the years leading up to 2007 the hotel had three years of profit growth.

The accounts show the company believes that risks include the “unrealistic increases in infrastructural cost impacting adversely on the competitiveness of the group and its principal customers”.