Hotel's music bill tops €1,000 a day
A hotel in the most densely populated night-time area in the country is spending more than €1,000 each day on music and entertainment for guests.
According to accounts for the firm that operates Fitzsimons Hotel in Temple Bar, the hotel spent €377,961 on music, entertainment and royalties in 2015.
The breakdown shows that the hotel firm, the Temple Bar Tavern Ltd spent €318,746 on 'music and entertaining' with an additional €59,215 spend on music royalties.
The hotel is located across the road from Temple Bar pub and the spend works out at €1,035 per day in what is one of the competitive night-time markets in the country where pubs and nightclubs have an array of entertainment to entice the tens of thousands of revellers and tourists to pass through their doors each day and night.
Revenues at the hotel increased by 4pc to €5m in 2015 and the hotel recorded a pre-tax loss of €64,612. The pre-tax loss was down substantially on the pre-tax loss of €407,722 sustained in 2014.
The accounts give a rare insight into the cost of doing business for a city hotel and show that one of its highest outgoing is the spend on security which totalled €315,406.
The high cost of security is attributable to the hotel operating a successful night-club at the venue.
The accounts also disclose that its insurance bill for the year was €126,709 while contract cleaning costs came to €121,941.
In addition, legal and professional fees came to €199,337 while the hotel's rates bill came to €158,627.
Staff costs totalled €1.47m.