Get the app today! Download iPhone App Download Android App


Kenmare's Park Hotel Records Drop In Profits For 2017

Published on Dec 18 2018 11:00 AM in Hotel tagged: Trending Posts / Park Hotel Kenmare

Kenmare's Park Hotel Records Drop In Profits For 2017

New accounts for Kenmare's five-star Park Hotel have revealed that the venue's profits decreased 62% last year to €175,118 from €471,983 in 2016.

According to The Irish Independent, Park Hotel co-owner John Brennan attributed the decrease in profits to costs associated with a €1.8 million refurbishment programme at the hotel, and pointed out that the venue's trading was up 14% last year on 2016 while 2018's trading is up 5% on 2017.

A Record Year

The hotel's accumulated profits totalled €2.87 million at the end of 2017 while its cash pile increased from €201,634 to €342,055, and Brennan asserted that the venue's revenues for this year surpass those of 2007, making 2018 a record year for the Park Hotel in relation to revenues.

© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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