Losses up 57% at hotel group

A €4.6m writedown in assets contributed to pre-tax losses increasing by 57% to €10m at the slimmed down O’Dwyer hotel and pub group last year.

The empire that O’Dwyer brothers Liam and Desmond built was broken up in 2009 when a receiver was appointed to three pubs: Café en Seine, The George, and Howl at the Moon.

However, the O’Dwyers continue to operate Break for the Border, the Dragon Bar, the Grafton Capital and the Trinity Capital Hotels.