Dromoland Castle has reported record revenues last year of €21.7m
The hotelis currently undergoing a €20m refurbishment. Costs associated with the revamp resulted in a pre-tax loss last year of €3.47m. Accounts by Dromoland Castle Holdings Ltd show it booked a €4.96m cost from the refurbishment.
Dromoland's operating profit in 2017 - before exceptional costs and depreciation - was €3.62m - up 4pc or €125,000 on 2016 as revenues increased by 3pc last year after a surge in US visitors.
Accounts for 2017 show that Gavin O'Reilly stepped down from the Dromoland board at the end of last year.