The Gresham Dublin Hotel: Dublin's Gresham Hotel Experienced 73.5% Decrease In Revenues Last Year

New accounts have revealed that Dublin's Gresham Hotel experienced a 73.5% decrease in revenues last year. As reported by The Irish Times, The Gresham's revenues decreased to €5.6 million last year from €21.19 million in 2019. The new accounts reportedly also reveal that Gresham Hotel Company Ltd experienced a €1.53 million pre-tax loss in 2020, which followed a €6 million pre-tax profit the previous year. The pre-tax loss figure for 2020 takes account of €1.64 million in non-cash depreciation costs. The company's pre-tax loss last year reportedly would have been larger if it had not received €715,688 in government grants. While a breakdown of the grants is not provided, separate figures from the Revenue Commissioners reveal that the company has availed of the government's wage subsidy scheme. The Gresham was closed for the majority of last due to the COVID-19 pandemic. Additional Statistics Additionally, the company reportedly paid a €6.1...