Hotel group’s pre-tax losses rise to €11m

Pre-tax losses at the hotel group that operates two five-star hotels in Killarney increased by 27% to €11m in 2011.

Killarney Hotels Ltd runs the five- star Europe Hotel and& Resort, the five-star Dunloe Castle Hotel, and the four-star Hotel Ard na Sidhe.

Accounts filed by the Swiss-owned Killarney Hotels Ltd with the Companies Registration Office show the group’s pre-tax losses increased from €8.7m in 2010 to €11m to the end of Dec 2011.