Business Irish

Sunday 16 December 2018

Sweet music as profits double at U2's Clarence

 

The Edge and Bono are co-owners of the Clarence. Photo: Getty
The Edge and Bono are co-owners of the Clarence. Photo: Getty

Independent.ie Business

Profits at the four-star boutique hotel co-owned by Bono and The Edge last year doubled to €1m.

The profits enjoyed by Brushfield Ltd, trading as the Clarence hotel in Dublin's Temple Bar, follow profits of €498,807 in 2016.

"We are delighted with a very strong year in 2017, and this year is looking equally as good," said the general manager at the Clarence, Michael O'Connor.

He added that the focus for everyone at the Clarence was on providing excellent customer service and facilities.

Mr O'Connor said that he was "very pleased" with the hotel's performance in 2018.

The hotel industry in Dublin is currently enjoying boom-room rates.

However, Mr O'Connor said: "It is not a question of opening the doors of the hotel and the guests flow in. There is a lot of competition in the business in Dublin."

Last year represented the eight consecutive year of profits at the hotel.

Indo Business

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