Subscribe Login
Hotel

FBD Hotel Earnings Hit €9.2 Million

By Publications Checkout

FBD Hotels & Resorts has seen its earnings before interest, tax and write-offs, grow by 48 per cent to €9.2 million over the last year.

FBD's hotel portfolio includes the 4-star Castleknock Hotel & Country Club (pictured), the 66-bedroom Faithlegg House Hotel & Golf Resort in Waterford, the Tower Hotel & Leisure Centre, as well as its two Spanish properties of La Cala Resort and Sunset Beach Club.

The Irish Times reports that the hotel group has said it hopes to earn €50 million in operating profits across these properties by 2020.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

To achieve this, FBD Hotels & Resorts has appointed Peter Nugent, formerly the executive at Allied Irish Banks, and hotel consultant Ian Graham in the roles of non-executive directors. Nugent has over 40 years experience in finance, credit management and business operations, while Graham has worked at the likes of Bass Hotels and Resorts, as well as the ITT Sheraton in Europe, the Middle East and Asia.

Commenting on the company's success, David Kelly the chief executive of FBD Hotels & Resorts said: "This leaves us well positioned for future development and growth."

 

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription