U2 hotel profits despite ‘difficult’ year

Profits at the four-star Clarence Hotel, co-owned by U2’s Bono and The Edge, rose more than ninefold last year to €113,787.

According to accounts just filed by the Clarence hotel in Dublin’s Temple Bar, the business reduced its accumulated losses by €113,787 from €2.566m to €2.452m in the 12 months to the end of Dec 31.

The profit last year of €113,787 compares with a modest profit of €11,643 in 2010.