Hotel firm has gains on Cork and Shannon sales

The hotel group that purchased three airport hotels from the the airport authority, the DAA, for around €75m nine years ago last year received €5.42m for two of the hotels.

In 2006, the CG Hotel Group bought two hotels at Dublin and Shannon airports, along with a third — the former Great Southern Hotel at Cork Airport — for around €75m.

New accounts show that CG Hotels received €1.92m for the sale of its Cork hotel and €3.5m for the sale of its Shannon hotel last year.