Hotel group’s losses fall to €1m

Losses at the hotel and pub group that owns Blooms Hotel and the Oliver St John Gogarty pub in Dublin’s Temple Bar narrowed last year to €1m.

Accounts filed with the Companies Registration Office by Martin Keane’s Drayton House Ltd show that total losses decreased sharply from €10.5m to €1.1m in the 12 months to the end of February last year.

The losses at the firm narrowed after revenues at the company decreased from €12.3m to €10.7m.