New accounts forTifco hotels group show it posted a pre-tax loss of more than €1.1m, as revenues fell to €11.8m from almost €36.5m in 2019.
Its hotels include the Crowne Plaza at Dublin Airport, Blanchardstown, and Dundalk. It also has the Hilton Hotel at Kilmainham, the Holiday Inn Express at Dublin Airport and other properties.
Tifco last year won contracts from the State. A note attached to the accounts says the contracts have continued into 2021.
Earlier this year, documents from the Department of Health showed the quarantine contract was worth €5.4m for an initial three-month period.
Directors at Tifco said the pandemic "has severely impacted the business in 2020".
“We have been able to mitigate some of this risk by being awarded a contract for hotel quarantine services,” they said.
Tifco employed 183 people last year, down from 297 the previous year. Staff costs fell to €3.1m from €9.8m. The accounts say the staff costs were "net of Government wage subsidy”.
Tifco is owned by US private equity firm Apollo.
Its Crowne Plaza properties in Santry and Blanchardstown, the Holiday Inn Express in Santry, and the Hard Rock Hotel on Exchange Street in Dublin’s city centre are used for quarantine services.