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Dublin: Hotel co-owned by Bono records impressive profits
The hotel co-owned by Bono and The Edge, the four-star Clarence hotel in Dublin’s Temple Bar, recorded profits of €500,000 last year.
The boutique hotel was bought by Bono, The Edge, and a consortium of investors in 1992. The shareholders are listed as Bono and wife Ali Hewson; The Edge, along with financier Derek Quinlan; and developer Paddy McKillen.
General manager at the Clarence, Michael O’Connor said: “We had a very busy year here last year and management and directors are very pleased with the business and the positive results… we are enjoying very high occupancy rates [in 2017].”
The figure follow profits of €430,000 in 2015. The hotel has announced plans to refurbish the bar. Last year was the seventh consecutive year of profits at the hotel.
