Irish-led Claridges hotel firm books 39% profit rise

Pre-tax profits at the luxury Maybourne London hotel group that was the source of a long running and bitter dispute between Irish developer Paddy McKillen and reclusive billionaires, the Barclay brothers, last year surged 39% to £10.82m (€15m).

New figures lodged by Coroin Ltd in the UK show revenues increased 7% from £142.5m to £152.5m.

Coroin oversees the luxury 5-star Claridges, the Connaught in Mayfair and Berkeley at Knightsbridge.