According to its latest financial results, ASAP Quality Accredited Operator Member Frasers Hospitality, also the owner of the Malmaison and Hotel du Vin brands, suffered a £187,000 loss last year, compared with a pre-tax profit of £7.3m the previous year.

The group blames an increase in overheads, particularly payroll and business property rates, but remains satisfied with its financial performance over-all.

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