Imperial Hotel posts €581k losses

CORK’S oldest hotel, The Imperial, recorded pre-tax losses of €581,319 last year compared with profit of €214,716 in 2008.

However, accounts for The Imperial Hotel (Cork) Limited showed that in the future the company expects to show increased turnover and profits from its activities.

“The directors are currently in the process of reviewing the treatment of all assets held on a group-wide basis to ensure consistency between group companies,” the accounts read.