Costs associated with the capital's swanky Park Hyatt hotel bit deep into profits at Abu Dhabi National Hotels (ADNH).
The company reported that profits fell 24.8 per cent last year to Dh198 million (US$53.9m).
ADNH is one of the capital's biggest hotel owners, with a portfolio that also includes the Hilton, Le Meridien and Sheraton. It said revenue across the company increased by just 1 per cent during the year to Dh1.8 billion.
Tough market hits Abu Dhabi National Hotels profit - The National
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