The Clarence Is A 'Losing Millions Of Dollars' Hotel? - U2 Feedback

Go Back   U2 Feedback > Your Blue Room > Everything You Know Is Wrong > Everything You Know Is Wrong Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 04-18-2002, 06:59 PM   #1
Rock n' Roll Doggie
VIP PASS
 
Gina Marie's Avatar
 
Join Date: Jul 2001
Location: Bruce's land of hope and dreams
Posts: 5,404
Local Time: 08:54 AM
The Clarence Is A 'Losing Millions Of Dollars' Hotel?

The Mirror
April 15, 2002

U2 Hotel Losses Elevating

By Sean O'Hara


U2's hotel recorded losses of almost EUR7million by the end of 2000,
accounts have shown.

The Clarence Hotel in Temple Bar, Dublin, owned by Bono and The Edge,
made losses of EUR255,000 in 2000 on top of accumulated losses of
almost EUR6.6million.

The Clarence made gross profits of EUR6.2million in 2000, but
administrative costs ran to EUR6.3 million for the same year.

Investors, including shareholder Harry Crosbie and the U2 company Not
Us Ltd., have pumped almost EUR10 million into the Liffeyside hotel in
a bid to turn its fortunes around.

But Bono -- who wrote the script for the movie flop Million Dollar
Hotel starring Mel Gibson -- may be forced to check out for good if the
hotel's fortunes don't improve.

The five-storey Victorian building was bought in 1992 by Bono and the
Edge.

The refurbishment qualified for 100 per cent capital allowances under
the government's Temple Bar renewal scheme.

Can anyone help w/ converting the Euros? Well, The Kitchen is closing-maybe the hotel too?

__________________

Gina Marie is offline  
Old 04-18-2002, 07:51 PM   #2
War Child
 
kariatari's Avatar
 
Join Date: Apr 2001
Location: Iowa
Posts: 935
Local Time: 08:54 AM
Well Geez! It's a nice hotel and all (judging from the pics on the website), but have you checked out the prices for one night at the hotel? I think it's somewhere around $260 for one night in the most modest room. No wonder they are losing money!
__________________

kariatari is offline  
Old 04-18-2002, 09:15 PM   #3
Thom's Bitch
 
bono_man's Avatar
 
Join Date: Dec 2000
Posts: 2,287
Local Time: 11:54 PM
I thought they could make up the money on the price of a pint alone!!

------------------
20 to 40!!!!!!!!!!!
bono_man is offline  
Old 04-18-2002, 10:25 PM   #4
Refugee
 
rafmed's Avatar
 
Join Date: May 2001
Location: On the moon's belly button
Posts: 1,255
Local Time: 08:54 AM
1 euro = .85 us dlls aprox.

Would they believe that would be able to rawk U2 fans?

If I ever go to Dublin I may pass and check the building, but certainly should be better and cheaper hotels in Dublin.

------------------
Please...don't make me say please, champagne and ice cream, it's not what I want, it's what I need.
rafmed is offline  
Old 04-19-2002, 07:10 AM   #5
Refugee
 
Desire4Bono's Avatar
 
Join Date: Jan 2002
Location: living in a rock and roll fantasy- and what's wrong with that?
Posts: 1,921
Local Time: 08:54 AM
If we all showed up over there it would save their business. Maybe they've been rich so long they don't realize most people can't pay that much. Even if I was rich, I wouldn't. Cheaper hotels are very nice. But I would stay at the Clarence because it's theirs!
Desire4Bono is offline  
Old 04-19-2002, 12:37 PM   #6
Blue Crack Addict
 
joyfulgirl's Avatar
 
Join Date: Apr 2001
Posts: 16,651
Local Time: 07:54 AM
My officemate just called me from Dublin to find out the name of it. Half of my colleagues are in Dublin right now and none of them give a hoot about U2, but she mentioned in her voicemail message that Bono was at the theatre when she was there the other night. ACKKKKKK!! I hope they all feel very bad that they didn't think of a business purpose for me to go along with them.
joyfulgirl is offline  
Old 04-19-2002, 06:03 PM   #7
The Fly
 
MEMHPIS-EVE 007's Avatar
 
Join Date: Aug 2000
Location: Long long tima ago,In a Galaxy far far away.
Posts: 189
Local Time: 01:54 PM
I`ve seen the place from the inside and it`s not that fancy!!!
I haven`t been to any of the rooms but I saw pictures of the most expenssive swete.
It has a very hommy charm.
The loby kinda looks like Edge`s livingroom or something. I don`t think the price justifies it though-From the outside it looks better than the inside.

Oh buy the way I wanted to stay there one night when I was in Dub but ehh...well do the math:
1 Irish pount= 5.5 Israely sheckells


Auch!

------------------
"And there`s no mountain to high ,no river to wide. Sing out this song and I`ll be there by your side.Storm clouds may gather and storms may colide...
I love you untill the end of time.
Come what may! I will love you until my dying day!"

MOULIN ROUGE

[This message has been edited by MEMHPIS-EVE 007 (edited 04-19-2002).]
MEMHPIS-EVE 007 is offline  
Old 04-20-2002, 12:31 AM   #8
War Child
 
kariatari's Avatar
 
Join Date: Apr 2001
Location: Iowa
Posts: 935
Local Time: 08:54 AM
Quote:
Originally posted by joyfulgirl:
My officemate just called me from Dublin to find out the name of it. Half of my colleagues are in Dublin right now and none of them give a hoot about U2, but she mentioned in her voicemail message that Bono was at the theatre when she was there the other night. ACKKKKKK!! I hope they all feel very bad that they didn't think of a business purpose for me to go along with them.

Awww! I'm sorry! I hope they feel very bad too!
__________________

kariatari is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 08:54 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com
×