Hotels

Drought hits hotel profit

Castlerosse Park Resort in Killarney says its trading profits for 2018 have fallen by 12pc mainly because of a €70,000 loss at its golf course.
The hotel said its nine-hole course suffered from "severe drought" and "severe weather conditions" last summer. That reduced trading profits to €499,000, it said.
Otherwise the resort, owned by Con Horgan, reported solid figures for 2018 and says it's well positioned for growth, having received a Fáilte Ireland upgrade to four-star status.
 

'Marker' to be 'Anantara'

The Marker Hotel in Dublin’s Grand Canal Square will be relaunched under the Anantara brand in the coming months following an agreement with the Marker’s new owners, themarker1019 German real estate investment group Deka Immobilien.
Minor Hotels, the Bangkok-headquartered hotel group that owns the Anantara brand, said it was “thrilled” to announce the expansion of the luxury Anantara brand into northwest Dublin and “the fair city of Dublin”.
 Anantara Hotels, Resorts & Spas, which was first set up in Thailand in 2001, has its name on two other hotel properties in Europe: the Anantara Vilamoura Algarve Resort in Portugal and the Anantara Villa Padierna Palace in Marbella, Spain. This will be its first urban hotel in Europe.

 

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PREM signs Intercon deal

 PREM Hospitality has signed a Multiple Development Agreement (MDA) with InterContinental Hotels Group (IHG).   The deal will see PREM Hospitality sign franchise agreements for up to 10 hotels across Belgium, Netherlands and Germany the first of which will be the Holiday Inn Express in Antwerp which is due to open in 2021. Further properties under this agreement will come online over the next five years. PREM Hospitality currently operates 14 hotels in the Benelux region and this deal could add a further 1,000 rooms to its portfolio.jmurphy1019

Jim Murphy CEO of PREM Group said,

 

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Ardboyne Hotel for sale

The Cusack family is selling the Ardboyne Hotel  in Navan, Co Meath. Lisney Morrisseys are quoting €3.5m for the venue which comes with two nearby sites and development potential.
A three-star hotel, the Ardboyne accommodates 29 purpose-built bedrooms as well as the old world-style Kells bar, Hugo's restaurant with 100 covers, a banqueting suite suitable for 300 people, three meeting rooms and a former nightclub with capacity for 450.
 Its conference and banqueting facilities can cater for 860 people and include the large Boyne Suite, which can accommodate 300 guests and is a popular venue for large weddings and other functions; the Tara Suite which caters for more intimate occasions for up to 70 guests; the Taylor Suite can accommodate up to 40 guests and is popular for private dining group events; the Swan Venue can accommodate as many as 250 people seated or 450 standing.
 All the bedrooms and suites are arranged in one block over the ground and first floors.
 
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Doyle grows UK revenues

Turnover at the Doyle hotel group’s four UK properties rose 11 per cent last year to €69 million. marylebone1019
 Some 47 per cent of Doyle’s overall turnover is denominated in sterling. It operates four hotels in Britain – three in London (the Kensington, Marylebone and Bloomsbury) and one in Bristol. The Marylebone and Kensington properties both received upgrades during the year.
Latest accounts for Doyle Hotels (Holdings) Ltd show that the group made a pretax profit of €11.6 million on turnover of €146.5 million in 2018.
 It recorded an Ebitda of €31.5 million, up from €30.4 million in the previous year.

 

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