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.

Operating profits at the group that operates the Radisson hotels at Dublin and Shannon airports last year increased by 54% to €1.4m.

Losses continued to mount at the group that purchased the Great Southern hotels at Dublin, Cork and Shannon airports following a writedown of €4m in 2009, figures show.

THE group that purchased the Great Southern hotels at Dublin, Cork and Shannon airports four years ago has written down the value of the properties by €43.8 million due to a period of sustained losses.