Hotels

Profit gain at expanding Hodson Group

Pre-tax profits at the Hodson Bay hotel group last year increased by five per cent to €2.1 million. Controlled by the O’Sullivan family, it includes the four-star Hodson Bay hotel hodson bay hoteland the four-star Sheraton hotel in Athlone, along with the four-star Galway Bay hotel.
 The group also entered the Dublin market last year with the opening of its €50 million 234-bedroom Hyatt Centric hotel at the Coombe near St Patrick’s Cathedral. The new hotel provided the group with a 47 per cent increase in rooms, from 495 to 729. Its Hodson Bay hotel has 175 rooms, with 167 at the Sheraton and 153 at the Galway Bay hotel.

 

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Objectors win Tower appeal

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An Bord Pleanála has upheld an appeal against the Tower Hotel in Waterford City to extend its property into a Georgian quarter. 
The hotel had secured permission from Waterford Council to demolish terrace houses at 17-20 Lombard St, affecting a property at the adjoining The Mall, and two protected ornamental lamp posts.
 Fáilte Ireland had supported the plan but it was opposed by businesswoman Monica Leech, on the grounds of being “inappropriate in the streetscape”.
Upholding the appeal, An Bord Pleanála said that “exceptional circumstances” to allow the go-ahead had not been proven.
 The Lombard St properties date from the early 1700s and numbers 17 and 18 are registered on the National Inventory of Architectural Heritage, while No 18 is the birthplace of William Hobson, who was the first governor of New Zealand. 
The property at No 36 The Mall is also a protected structure of architectural importance.

 

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Dalata's Dublin RevPAR drops

This year’s earnings at Dalata, Ireland’s largest hotel operator, will be “in line with market expectations…despite tougher than anticipated market conditions in Dublin in the second half of the year.”nccann1219
 The group, whose brands include the Maldron hotel chain, said revenue per available room in Dublin is down 3.2pc for the 11 months to 30 November, compared to a decline of 1.4pc for the first half of the year.
 The Dublin market continued to be impacted by the VAT increase, the additional supply of hotel rooms and a reduction in the number of events in October and November, Dalata said in a trading update.

 

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Hotels report 'Curates' Egg' Year

 As the 2019 tourism season comes to a close, the hotel sector is reporting a year of mixed performances, according to the results of the latest industry barometer from the Irish mlennon0718Hotels Federation (IHF). Business sentiment amongst hotel and guesthouse owners across the country is continuing to fall with just over a third (35%) reporting a positive outlook for 2020, as the uncertainty over Brexit and the high cost of doing business take their toll and overseas visitor growth continues to slow down. 
 While almost half of hoteliers (48%) reported an increase in business for the year, just slightly fewer (44%) reported a fall. Business levels from the domestic and US markets remain strong, with 48% of hoteliers reporting increases in the domestic market and 44% of hoteliers reporting increases in the US market.  However, the UK market continues to decline. Seven in ten hoteliers saw a drop in business from Great Britain this year, while over half reported a fall in business levels from Northern Ireland. The fallout from Brexit next year and the high cost of doing business remain key concerns for the sector with many highlighting the significant negative impact that escalating insurance costs and local authority rates are having on competiveness.

 

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Five star year at Park

The  Park Hotel in Kenmare, operated by brothers Francis and John Brennan, recorded an 89 per cent increase in pretax profit last year to €331,315, while revenue rose by 6 per cent to a record €4.4 million, latest accounts show.
 brennansThe Park’s income from rooms last year increased from €2.4 million to €2.59 million, while €1.15 million was generated from food, €417,084 from beverages, and just under €225,000 from its spa.
The hotel company Beechside Ltd recorded an operating profit of €601,356, with interest costs of €270,041.
 
 

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