Tuesday, April 13, 2010

Prague hotels owned by Quinn family rack up €18m in losses

A luxurious Hilton hotel in Prague, owned by the Quinn family, racked up losses of €16.5m in 2008, according to accounts filed in Luxembourg and seen by the Irish Independent.


The figure represents a sharp deterioration in the performance of the company since 2007, when it recorded a profit of almost €4.5m.

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