Limerick hotel predicts profitable 2011 despite €1m loss

THE four-star Absolute Hotel in Limerick city, co-owned by one of the country’s best known hoteliers and developers Jerry O’Reilly, will operate at a profit in 2011, a spokesman claimed.

A hotel spokesman said yesterday that for the 12 months to the end of December 2009, the hotel recorded a €1 million loss.

Auditors for Absolute Hotel Limerick, O’Neill Foley, said that conditions at the company “indicate the existence of a material uncertainty, which may cast significant doubt about the company’s ability to continue as a going concern”.