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Ballynahinch Castle Hotel Records €58k Profit

Published on Feb 3 2014 4:15 PM in Hotel

Ballynahinch Castle Hotel Records €58k Profit

Ballynahinch Castle Hotel made a pretax profit of €58,800 in 2012, according to figures released.

It marks a great turnaround for the 450-acre estate, located in Connemara Galway, as it had a loss of €170,078 in 2011. 

The Irish Times reported that turnover for the company behind the hotel, Ballynahinch Castle Inc, was €3.37 million, another significant improvement from the €3.1 million it recorded in 2011.

The paper said that the profit was used to reduce accumulated losses of €1 million.

Ballynahinch Castle was reportedly bought in the 1970s by American couple Raymond and Minerva Mason, who have other business interests in oil, insurance and communications companies.

The castle is on a 450-acre estate with walks, gardens, fishing and shooting, and the Masons are understood to spend a few months every year living on the estate.

Appendices to the Ballynahinch Castle accounts show that turnover at the bar was €419,492 in 2012, producing a profit of €246,112, while turnover from meals was €1.17 million, producing a profit of €744,546.

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