Owner of Belfast's Europa Hotel and co-owner of Dublin's Merrion profits fall as group expands

Pre-tax profits at the owner of Belfast’s Europa Hotel and co-owner of Dublin’s Merrion Hotel fell 39% last year despite posting a rise in revenues.

New accounts filed by the North’s largest hotel group, the Hastings Hotels Group show that profits fell to £3.2m (€3.5m) as revenues rose 4% to over £41.1m in the 12 months to the end of October.