Pretax losses at Harcourt Development Group hit €59.82m in 2021 via IrishTimesBiz
The directors’ report said that the group owns six shopping centres here and as per a consensual agreement with group lenders the shopping centres were placed on the market for sale in 2022.Listen |The group operates five hotels including the five star Lough Eske Castle Hotel in Co Donegal and the Carlisle Bay in Antigua and when allowed to open from Covid-19 restrictions, “occupancy levels and room rates have recovered rapidly and the overall outlook is positive”.
Numbers employed by the group increased from 709 to 779 in 2021 and staff costs increased from €14.7 million to €16.16 million. Directors’ pay declined to €508,267. A breakdown of Marzocco’s revenues show that €25.25 million was generated through rental income, service charge income and property management fees; €45.7 million from development and construction; €23.2 million from hotels.
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