So very Moorish 13 September 2019 Stuart Procter and Ben Tish on the North African-inspired cuisine of Fitzrovia’s Norma, the Stafford Collection’s first standalone restaurant
In this week's issue... So very Moorish Stuart Procter and Ben Tish on the North African-inspired cuisine of Fitzrovia’s Norma, the Stafford Collection’s first standalone restaurant
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Macdonald Hotels reports losses of £1.1m

24 June 2019 by
Macdonald Hotels reports losses of £1.1m

Macdonald Hotels has reported pre-tax losses of £1.1m compared to profits of £5.6m the previous year.

According to its financial results for year to 29 March 2018, turnover for the group decreased from £154.2m to £153.2m and group operating profit decreased from £11.1m to £9.9m.

The company blamed the losses on hotels sold in 2017 (the Swan's Nest in Stratford-upon-Avon, Warwickshire; the Old England in Windermere, Cumbria; and the Marine hotel in North Berwick, East Lothian) and the £6.6m impairment of the Macdonald Crutherland House hotel, compared to a profit of £4.1m the prior year.

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