Clarence Hotel To Receive Continued Support

By Publications Checkout
Clarence Hotel To Receive Continued Support

According to Brushfield Ltd, Clarence Hotel saw their accumulated losses fall slightly last year. Losses towards the end of last year were €2.37 million, which is down from own from €2.45 million at the end 2011.

The firm agreed to achieve day-to-day working capital requirements by way of interest-free loans from its shareholders and the support will continue for the foreseeable future.

Shareholders' loans at the end of the year were €769,583.Owners of the Clarence hotel include The Edge, Bono, his wife Ali Hewson and businessmen Paddy McKillen and Derek Quinlan.

Ronnie Delaney and Liam Cunningham are directors of Bushfield Ltd.