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Birmingham Post
Birmingham Post
Business
Jon Robinson

'Very strong recovery' helps The Lowry Hotel return to profit after losing over £3m during pandemic

The Lowry Hotel lost more than £3m during the course of the Covid-19 pandemic as it battled with government-enforced closures.

The five-star hotel racked up pre-tax losses of £2.8m in 2020 and £211,000 in 2021, according to recently-filed documents with Companies House. It had previously made a pre-tax profit of £545,000 in 2019.

Its turnover was also slashed from £12.8m in 2019 to £4.1m in 2020 but it rose to £8m after a "very strong" recovery period in the second half of last year.

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