Shorelark makes €4.4m loss

THE company established by businessman Bernard McNamara to develop the four-star Radisson Blu hotel in Galway recorded combined pre-tax losses of €4.4 million last year and in 2009.

According to accounts just filed by Shorelark Ltd for 2010 and 2009, the company recorded a pre-tax loss of €210,267 last year and €4.2m in 2009.

The hotel is operated on Shorelark’s behalf on a day-to-day basis by the Rezidor Group and the group was last year paid €903,054 in respect of management charges and marketing.