Operators of 4-star hotel hopeful cost cuts can reverse loss

THE operators of a four-star Co Clare hotel are confident that appropriate measures can be taken to cut costs for the hotel to remain profitable.

Accounts just filed by Temple Gate Hotel Ltd confirm that the Ennis hotel recorded a pre-tax loss of €340,266 in the 12 months to the end of December last and this followed a loss of €314,186 in 2009.

The directors’ report for the family-owned hotel states that “the losses before tax suffered by the company are a result of the costs incurred in financing the extensive renovations carried out by the hotel during 2008 and 2009”.