Spiralling energy prices have sparked a massive drop in profits for the owner of The George Hotel.
Peel Hotels saw its pre-tax profits fall 42 per cent to £437,832 for the 28 weeks to August 24.
Chairman Robert Peel said: “The impact of the huge increase in the cost of energy affects almost everything to do with everyday business life.
"In spite of disappointing interim results, our overall debt level is low and we are in a good position to take advantage of any beneficial acquisition opportunities should they arise in the future”
During the period, the Tavern bar at the George has been expanded and refurbished together with reception.
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