Hotel group raises €5m to see it through tough winter
iNua Hospitality boss also calls for Vat cut in budget to cushion sector from impact of the pandemic
iNua Hospitality has secured €5 million in funding from its existing investors, to support the business through what it expects will be a disruptive winter.
The hospitality group, which recorded revenue of more than €50 million in 2019, controls nine hotels in Ireland. Four of its venues, based in Cork, Sligo, Athlone and Limerick, operate under the Radisson Blu brand.
Sean O’Driscoll, chief executive of iNua Hospitality, said that in addition to the new capital, the...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Hotels report strong bookings for staycations this summer
With trips abroad looking unlikely, holidaymakers are making reservations at home, even though it’s uncertain yet if hotels will be open
Kylemore Abbey chief reveals huge hit to revenues caused by Covid-19
The popular tourist destination celebrated its 100th anniversary last year amid a collapse in international visitors
Dede the only Irish restaurant to gain a new Michelin star
Other significant wins for Ireland include the mentor of the year title for Ross Lewis of Chapter One and the hospitality award for Saul McConnell of Noble
Virus crisis kills off McDonagh’s sale of US hospitality empire
The Supermac’s owner says his decision to invest in Claddagh Irish pubs chain was his ‘biggest mistake’ and has cost him €23m