Profits at Tifco increased by 22% to €4m last year.
New accounts for Ireland' second largest hotel group , show its revenues jumped 10% to €34.9m.
The directors state that occupancy and average room rates continued to show strong growth, with revenue per room growing by 12.5%. Tifco owns or operates 26 properties with over 2,583 rooms.
Its portfolio includes the Hotel Killarney, the Metropole Hotel, Cork Airport hotel, Athlone Springs, the Hilton at Kilmainham, and the 901 rooms from the Travelodge group of hotels. Hotel operations contributed €33.5m in revenues, while management contracts accounted for a further €1.3m.
The pre-tax profit last year takes account of interest payments of €2.29m and non-cash depreciation costs of €2.23m.