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Galway Bay FM News Archives

PRE-TAX LOSSES INCREASE AT CITY HOTEL FIRM

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Date Published: 19-Dec-2012

Pre-tax losses at the firm behind the four-star Radisson Blu city hotel built by the developer, Bernard McNamara, more than doubled last year to over 504 thousand euro.

According to the Irish Examiner, Mr McNamara, through his firm, Shorelark Ltd, constructed the Galway Radisson Blu hotel and new figures show losses at the firm increased by 139%.

The figures reported show that losses at the firm increased from over 210 thosuand euro to over 504 thousand in the 12 months to the end of December last year.

This followed the firm’s gross profit declining from €11.8m to €11.1m last year.

Rezidor Hotels — under the Radisson Blu brand — operate the 272-bedroom hotel on Shorelark’s behalf.

Mr McNamara resigned as a director of Shorelark in Feb 2011.

A note attached to the accounts states that "the hotel continues to generate operating profits before rent despite the difficult environment facing the hospitality sector.

It adds that the directors are optimistic that the profitability of the hotel will continue despite the poor economic conditions.

Galway Bay FM News Archives

Galway has country’s largest population of young people

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Date Published: 07-May-2013

Galway has a population of young people which is more than twice the national average.

According to information gathered by the Central Statistics Office, Galway’s population of 20 to 24 year olds is more than twice the national average.

The number of 25-34 year olds in Galway is also more than the norm nationally, with the two main colleges thought to be the main reason.

However immigration in Galway is much higher than in other areas at 19.4 percent, compared to the national average of 12 percent.

 

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Galway Bay FM News Archives

Call for direct donations to city charity shops

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Date Published: 07-May-2013

A city councillor is encouraging people to donate goods directly to charity shops.

It follows allegations of thefts from clothes banks in Galway and across the country in recent months.

However, cameras are in place at some clothes banks and surveillance is carried out by local authorities.

Speaking on Galway Talks, Councillor Neil McNeilis said the problem of theft from clothes banks is widespread.

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Galway Bay FM News Archives

Galway ‘Park and Ride’ could become permanent

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Date Published: 07-May-2013

A park ‘n’ ride scheme from Carnmore into Galway city could become a permanent service if there is public demand.

That’s according to the Chief Executive of Galway Chamber of Commerce, Michael Coyle.

The pilot scheme will begin at 7.20 next Monday morning, May 13th.

Motorists will be able to park cars at the airport carpark in Carnmore and avail of a bus transfer to Forster Street in the city.

Buses will depart every 20 minutes at peak times and every 30 minutes at offpeak times throughout the day, at a cost of 2 euro per journey.

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