Hilton Dublin Hotel Reports Profit Boost As It Waits Approval For 7-Storey Extension
The Hilton Hotel at Charlemont Place on Dublin's Grand Canal reported an increase in pre-tax profits of 76% to €2.3 million last year as it waits approval for a seven-storey, 97-bedroom extension to the property.
Newly filed accounts for the 4-star hotel, lodged by Charlemont Leisure Ltd, report that the Hilton Hotel saw a rise in gross profit of 44 per cent from €7.129 to €10.27 million for the year, reports the Irish Examiner.
US billionaire owner John Malone, who also owns TV3 and chairman of Liberty Media, recently added the Spencer Hotel in the IFSC, the Beacon Hotel in Sandyford and the Morgan Hotel to his hotel portfolio in a €150 million deal.
The planning appeal was filed with An Bord Pleanála on 25 July 2016 for the "construction of seven-storey hotel extension, additional extension of 7th-storey to existing hotel and reconfiguration and alterations to existing hotel" and is to be decided by 28 November. If approved, the Hilton will have a total of 305 bedrooms upon completion.
It also saw employee numbers decrease from 96 to 92 with staff costs increasing from €2 to €2.76 million, and the directors stating they "are confident in the hotel’s prospects".