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.

The group that operates the Radisson hotels at the country’s three State airports booked an exceptional €42 million gain last year after restructuring its bank debt.

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.