Hotel group turns in ‘extraordinary performance’ despite €220,000 loss

THE managing director of Griffin Group Hotels Liam Griffin said yesterday that the group last year turned in an “extraordinary performance” in spite of recording a €220,000 cash loss.

Wexford’s former All-Ireland winning hurling manager was commenting on results for the Griffin Group of hotels last year, which show revenues at the group decreased by 21% from €21m to €16.4m.

The group operates the award winning Monart Destination Spa, Hotel Kilkenny and Ferrycarraig Hotel in Co Wexford and the figures show that the group’s pre-tax losses increased fourfold to €1.4 million to the end of December.