Hotel Group see losses of €75m

THE Doyle Hotel Group saw pre-tax losses jump to €75.5 million last year following impairment charges of just more than €57m on hotel properties.

Hotel Group see losses of €75m
Fri, 26 Nov, 2010 - 00:00
Niamh Hennessy

The losses for the year to the end of 2009 compare with pre-tax losses of €36.1m in 2008. Operating profit before exceptional items was €3.5m compared with €10.6m in 2008.

Accounts for Doyle Hotels (Holdings) Ltd also show an impairment on investment properties of €5.4m.

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CourtsPlace: IrelandPlace: BritainPlace: USOrganisation: Doyle Hotel GroupOrganisation: Doyle Hotels (Holdings) LtdOrganisation: Jurys DoyleOrganisation: Doyle CollectionOrganisation: Jurys Doyle Hotel GroupOrganisation: Quinlan PrivateOrganisation: Jurys Inns
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