Four Seasons On Recovery Path As Losses Drop
Published on Nov 21 2014 10:13 AM in Hotel
The operator of Dublin's Four Seasons hotel has posted pre-tax losses of €1.64 million for last year.
The result represents a 41 per cent drop in losses for the firm, which recorded revenues of €19.16 million for the year.
The Irish Independent reports that a contributory factor behind the drop in losses was Ballsbridge Hotel's interest charges last year reducing from €1.34 million to €973,188 million.
The report reveals that last month the Four Seasons hotel confirmed that it will no longer carry the name of the luxury hotel group after its owner, London & Regional, parted ways with the global group.
London & Regional, which is controlled by Ian and Richard Livingstone acquired Dublin's Four Seasons in June 2011 for €15m, a figure believed to be about a quarter of what it cost to develop the hotel.