Hotel group losses hit €8m due to writedown

THE company that operates the four-star Fitzpatrick’s Killiney Castle hotel in Dublin is planning to return to profitability this year after losses of €8 million last year.

The loss recorded by Killiney Hotels Ltd arose mainly from the company writing down its property by €7.9m last year.

In the accounts just filed by Killiney Hotels Ltd, they show that the company recorded a pre-tax loss of €343,671 in the 12 months to the end of September last following the company recording a pre-tax loss of €372,017 in 2009.