Get the app today! Download iPhone App Download Android App


iNua hits double-digit growth

Published on Dec 10 2014 4:33 PM in Hotel

iNua hits double-digit growth

Still in its first year of operations, iNua Hospitality, led by financier Noel Creedon (pictured), has posted double-digit growth in its portfolio.

iNua's first acquisition in November last year was purchasing the Radisson Blu Hotel and Spa in Little Island, Cork, which had a price guide of just €8 million after being touted for in the region of €37 million pre-recession in 2005.

The move at the time secured the hotel's future and the jobs of its 150-strong staff.

Business & Leadership has reported that the hotel is reporting a revenue per available room increase of over 14 per cent for 2014.

In June, iNua snapped up Radisson Blu Hotel and Spa in Limerick for €3.5 million, with early reports show that the hotel performed in line with forecasts.

According to Creedon, iNua will next year turn to researching opportunities in the European market.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email