Hotel articles

Shelbourne Trebles Wi-Fi

Bitbuzz, Ireland’s leading provider of Wi-Fi, has recently trebled the capacity of the Wi-Fi service in The Shelbourne Hotel from 50MB to 150MB symmetric fibre to cater for increased demand from conference attendees.
 shelbitSince 2012, Bitbuzz has helped the Dublin hotel to increase its event and conferencing business as a direct result of its strong Wi-Fi offering.  According to Fáilte Ireland, Dublin is the ‘go-to’ venue for international conferences; it has secured upcoming conferences that have the potential to boost revenue by almost €8 million. Business Tourism is worth €579 million a year, and the sector has grown by 9% in 2013 and supports 19,000 jobs in Ireland. 
 
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Profit for Airport Hotels

Operating profits at the group that operates the Radisson hotels at Dublin and Shannon airports last year increased by 54% to €1.4m, according to a report by Gordon Deegan in the 'Iri

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The CG Hotel Group purchased the hotels at Dublin and Shannon, along with a third former Great Southern hotel at Cork Airport, for around €75m from the Dublin Airport Authority in 2006.
Last year, the group sold the Cork Radisson Blu hotel to iNua Hospitality. The accounts state that the hotel, that was guiding at €8m, was sold at a profit.
The new accounts show CG Hotels Ltd and subsidiaries enjoyed an increase in business in the 12 months to the end of December last, with revenues going up by 10%, from €12.39m to €13.65m.
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Killarney Hotels report loss

Killarney Hotels which operates  The Europe Hotel & Resort and Dunloe Castle Hotel, along with the Hotel Ard na Sidhe has reported a loss for its most recent financial year..

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Accounts filed by the Swiss-owned firm to the Companies Office show that the group recorded a pre-tax loss of €7.6m last year. A major contributor to the loss was a non-cash depreciation charge of €6.95m
This followed a pre-tax loss of €36.9m in 2012 that mainly arose from a €28m property write-down.
Revenues at the hotel group last year increased by 14pc from €10.69m to €12.18m.
Turnover at the group has increased by 43pc since 2011 when revenues of €8.49m were recorded.
 
 
 

Dalata to buy Whites and Clayton

Dalata Hotel Group has agreed a deal to buy two more hotels - the Clayton Hotel in Galway and Whites Hotel in Wexford - for a total of €31.7m. Both hotels, marketed by CBRE Hotels as part of the Ulster Bank Project Nadal, have been operated by Dalata since 2009 under management contract. It is expected that these transactions will complete within a month. Pat McCann, Dalata's chief executive, said the latest deals are part of the hotel group's strategy to assemble a portfolio of high quality hotel assets in Ireland. The Clayton Hotel in Galway is a four star hotel and is close to the famous Ballybrit Racecourse. It contains 195 rooms as well as a bar, a restaurant and conference facilities including a ballroom and 10 meeting rooms. Whites Hotel in Wexford is also a four star hotel. Located in Wexford town, it contains 157 rooms as well as a bar, a restaurant, a spa & leisure facility and conference facilities including a ballroom and 10 meeting rooms.

McDonagh to Complete Hotel Deal

Supermac's owner Pat McDonagh will close the €4m-plus acquisition of the Charleville Park Hotel in coming days.

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He told the Sunday Independent that while he will now bed down the three hotel buys he's made since 2012, he'll be keeping an eye out for additional properties that might pique his interest.
The burger entrepreneur will spend €2m upgrading the Lough Rea Hotel in Galway and spent €2m upgrading the Castletroy Hotel in Limerick.
 

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