U2 duo’s Clarence profits fall 35%

Profits at the four-star Clarence Hotel — co-owned by U2’s Bono and The Edge — last year decreased by 35% to €73,442.

Latest accounts for the hotel in Temple Bar, show the business reduced its accumulated losses by €73,442, from €2.452m to €2.379m, in the 12 months to the end of December.

The profit last year follows a profit of €113,787 in 2011, and is the third successive year that the hotel has recorded profits.