Operating profits at the Hodson Bay hotel group increased 5% to €3.1 million during the 12 months to the end of February, 2018.
As reported by The Irish Independent, the rise in operating profits at the group, which owns the four-star Hodson Bay hotel outside Athlone as well the four-star Sheraton hotel in Athlone town centre and the four-star Galway Bay hotel, occurred as revenues rose from €30.47 million to €30.98 million and pre-tax profits increased from €1.93 million to €2 million.
New Dublin Hotel
This year will see the group open a 234-bedroom Hyatt hotel at the Coombe in Dublin. The new venue, which is planned to open in May, is the product of a €40 million investment.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.