Doyle Hotels Records Rise In UK Turnover And Irish Revenue

Published on Oct 17 2019 10:11 AM in Hotel tagged: Trending Posts / Doyle Collection

The latest accounts for Doyle Hotels (Holdings) have revealed that turnover at the group's four properties in the UK increased by 11% to €69 million last year.

The accounts show that the group made a pre-tax profit of €11.6 million on turnover of €146.5 million last year and recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of €31.5 million, which was up from €30.4 million in 2017, as reported by The Irish Times.

Revenue from the group's three Irish hotels - The Westbury, The Croke Park Hotel and The River Lee - rose to €57.8 million in 2018 from €54 million in 2017, while revenue at its Dupont Circle property in Washington DC decreased 22% to €19.8 million.

Additional Data

Additionally, Doyle Hotels employed an average of 1,482 people last year, up from 1,383 the previous year; staff costs increased 7% to €54.6 million; directors remuneration increased from €1.1 million to just below €1.3 million; total compensation paid to key management personnel, including the directors, increased close to 5% to just below €2.9 million; and shareholders' funds increased from €323 million to €334 million.

The accounts also indicate that the value of the group's property portfolio rose to €570 million last year from €554 million in 2017.

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