Jump to content

Bono And Edge Step Down As Directors Of Clarence Hotel


febottini
 Share

Recommended Posts

  • Subscriber

 

ROCKERS Bono and The Edge have stepped down as directors of the company that runs the famous Clarence Hotel in Dublin.

The U2 stars have served as the only members of the board of Brushfield Ltd, the company that trades as the Clarence, since it opened in 1992.

But documents recently filed with the Companies Registration Office (CRO) have revealed that the pair stepped down on February 25 this year.

It is unclear why the musicians, who are listed by their real names of Paul Hewson and David Evans, have decided to resign from the company.

Calls and emails from The Herald to their PR representative, RMP in London, have gone unanswered over the past week.

The hotel in Temple Bar, which employs 70 people, is owned by Bono, his wife Ali Hewson and The Edge through Lorijudd Investments, along with financier Derek Quinlan and developer Paddy McKillen.

It is understood that

there has been no change to the ownership of the hotel.

Both Liam Cunningham, a heavy-hitter in the hotel industry, and businessman Ronnie Delaney have been appointed to replace Bono and The Edge on the Brushfield board.

In November last year, results filed for the four-star hotel showed profits increased almost 10-fold in 2011 but the hotel was still nursing losses. The Clarence reduced accumulated losses to €2.45m in 2011.

The accounts also stated that Bono and The Edge had “confirmed their intention to provide the financial support necessary to enable the company to discharge its liabilities as they fall due and continue its operations”.

The two have already invested millions in the hotel.

In 2006, a loan of €8.5m from Lorijudd Investments to the Clarence was written off.

And plans for a €150m overhaul of the hotel were refused by Dublin City Council in June.

 

From: Independent

 

Link to comment
Share on other sites

  • Subscriber

U2 facing court battle for hotel planning permission

 

 

A battle over plans for a multimillion revamp of the U2-owned Clarence Hotel in Dublin has gone to the High Court today.

 

The overhaul would see the luxury boutique hotel significantly enlarged, but the project has run into problems over planning permission.

 

Ambitious plans to erect a new and enlarged Clarence Hotel at Wellington Quay were hatched in 2007.

 

Planning permission for the revamp was granted but in 2009 the project was shelved as the recession took hold.

 

Last March, there were signs of life as the hotel’s owners, which include developer Paddy McKillen and U2’s Bono and The Edge, applied to Dublin City Council to extend the duration of the planning permission.

 

The multimillion euro refit would include a flying saucer-like roof known as a ‘skycatcher’ on the Temple Bar hotel.

 

However the Council refused their planning application on the ground that the current city development plan has a seven-storey restriction on non-residential buildings.

 

The High Court today gave permission to the Clarence Partnership to bring a legal challenge to try and overturn that decision.

 

From: Irish Examiner

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...