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Operating Profit Rises At Radisson Blu Dublin Airport

By Dave Simpson

Operating profit at Dublin Airport's Radisson Blu hotel increased by 30% to €2.6 million last year while revenue rose 1% to €14 million.

As reported by The Irish Independent, accounts for the venue reveal that its value rose by €6.1 million to €41.1 million during the last financial year, however, the hotel also amassed a €4.7 million loss for 2017 after shouldering €13.5 million in interest and similar charges.

Loans

Meanwhile, the company behind the Radisson Blu Dublin Airport, CG Hotels, has third-party loans amounting to €43.3 million and subordinated loans totalling close to€3.6 million.

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© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
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