U2's The Clarence Hotel Posts Profits Gain
Published on Dec 3 2014 10:15 AM in Hotel
Dublin's four-star The Clarence Hotel recorded its fourth successive year of profits last year, according to reports.
The well-known City Centre establishment, which was purchased by Bono and The Edge and a consortium of investors in 1992, enjoyed what it calls "a great year", with new figures revealing last year it made a profit of €57,933.
According to new accounts filed by the hotel’s Brushfield Ltd, the hotel reduced its losses by €57,933, from €2.379m to €2.32m in the 12 months to the end of December last.
Reports reveal that prior to 2010 the Temple Bar establishment had incurred significant losses.