Five-star hotel narrows pre-tax losses to €2.66m

The five-star Westin Hotel on Dublin’s College Green narrowed its pre-tax losses last year by 17% to €2.66m.

Newly-filed accounts for Westin Hotels Ireland Ltd also show a 10% increase in revenues from €12.62m to €13.84m for 2013.

Last month, it emerged that US billionaire, John Malone purchased the hotel for €65m, with it set to be operated by the Lalco Hotel group under a franchise agreement with Westin Hotels and Resorts. The deal is expected to be concluded before the end of this month.