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Investments at Apex Hotels Dundee despite 'substantial' Covid impact


Apex City Quay Hotel in Dundee
Apex Hotels said the impact of Covid-19 had been “substantial” but it expects a strong recovery.
The group has 10 premises, including its 151-bedroom hotel at City Quay in Dundee.
Newly filed accounts for the year ending April 2020 show the pandemic’s impact on profits and sales.
Revenue was down 9% from £75.5 million to £68.7m. Pre-tax profit was £7m, down from £12.4m in 2019.
The firm said it saw a steep decline in international travel from January 2020. Its portfolio then closed in the first lockdown on March 20.
Dundee investments
Chief executive Angela Vickers said the company was in an excellent position to grow revenue now hospitality has reopened. ....

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