Hospitality company Cairn Group is investing across its portfolio once more after slashing losses caused by pandemic lockdowns by 70%.
Based in Newcastle, the group owns and runs 32 hotels and a string of bars and restaurants across the North East and beyond, including Cairn Hotel in Edinburgh, Newcastle’s Royal Station Hotel, Redworth Hall and Spa near Newton Aycliffe, and the Hilton Doubletree near Newcastle Airport.
For a second year running, accounts show the family-run firm’s finances took a hit from lockdown closures, with turnover dropping from £91.2m in 2020 to £34.1m for the year ended April 30 2021.
