Hotel chain Cairn Group cautious despite rise in turnover and profits
A national hotel chain based in the North East has issued cautious guidance for the year ahead despite rising turnover and profits.
Newcastle’s Cairn Group – which is registered at Companies House as The Station Hotel (Newcastle) – reported turnover increasing from £93.9m to £96.5m in the year ending April 30, 2019. Operating profit, meanwhile, was up from £5.1m a year earlier to £7.7m.
The…
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