Pre-Tax Profits Rise At Dublin's Gresham Hotel
Pre-tax profits rose 18% to €5.86 million at Dublin's Gresham Hotel last year.
Meanwhile, revenues at Gresham Hotel Company Ltd increased 15% to €20.25 million, with rooms revenues rising from €13.68 million to €15.91 million and bar and food sales rising from €3.5 million to €3.76 million; the company's cash pile decreased from €3 million to €1.2 million; and its accumulated profits amounted to €40 million at the end of last year, as reported by The Irish Times.
Additionally, the number of people employed by The Gresham remained static at 163 and staff costs increased to €5.9 million from €5.67 million.
© 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.