Losses at Galway hotel company increase by 139%

Pre-tax losses at a four-star Galway hotel built by the developer, Bernard McNamara, more than doubled last year to €504,528.

Mr McNamara, through his firm, Shorelark Ltd, constructed the Galway Radisson Blu hotel and new figures show losses at the firm increased by 139% from €210,267 to €504,528 in the 12 months to the end of December last.

This followed the firm’s gross profit declining from €11.8m to €11.1m last year.