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.

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.