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One of Galway's best-known hotels had net debts of 18 million euro to the end of February last year.

The latest accounts for the Galway Bay Hotel in Salthill show the debts relate primarily to an outstanding bank loan.

The four-star hotel incurred a loss of 181 thousand euro for the financial year compared to a loss of just under 68 thousand in 2011.

According to today's Irish Independent, management at the hotel says that its commitments to the bank are more than sustainable.