McKeever Hotel Group Records Loss
The McKeever Hotel Group has recorded a loss of £0.46 million.
As reported by The Belfast Telegraph, financial statements for the year that ended on September 30, 2020, reveal that the group's revenue decreased by approximately 40% from £11.3 million to £7 million.
The loss reportedly follow pre-tax profits of approximately £418,300 the previous year.
McKeever Hotel Group Portfolio
The McKeever Hotel Group operates Northern Irish venues the Dunadry Hotel, the Adair Arms Hotel, the Dunsilly Hotel and the Corrs Corner Hotel as well as Co. Donegal's Dillons Hotel.
McKeever Hotel Group Director Statement
The Belfast Telegraph quotes McKeever Hotel Group director Eddie McKeever as saying "It is difficult [in the Republic of Ireland] at the moment.
"We have been allowed to open to indoor dining and drinking to residents only, so we decided to do that. But we have no outdoor space so we can’t offer dining and drinking to outsiders."
However, McKeever reportedly said that trade had returned at the Dunadry Hotel, the Adair Arms Hotel, the Dunsilly Hotel and the Corrs Corner Hotel.
McKeever Hotel Group reportedly said that cost control is a focus as it continues to trade following the full reopening of hotels in Northern Ireland, and that Brexit had caused some disruption to the supply and pricing of goods.
However, the group reportedly added that due to the nature of its current supply chain, economies of scale and its customer base, it will be able to trade profitably.
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