Galway’s 4-star Radisson Blu Hotel books €4.2m in profits

Pre-tax profits at the four-star Radisson Blu hotel in Galway built by Bernard McNamara rose six-fold to €4.2m last year.

The sharp rise in profits is due in part to €2.68m that was owed by the hotel company, Shorelark Ltd, to Mr McNamara co-owned firms being written off, as the amounts due are now statute- barred.

A note attached to the accounts shows that €1.7m owed to the now dissolved Mr McNamara firm, Castlehope Ltd, was written off and €977,592 to another dissolved Mr McNamara firm, Adenbell Ltd, was written off.