Profits at Dublin-based accommodation group The Key Collections, the portfolio of which includes Dublin's Gate, Handels, Camden and Kildare Street hotels, increased 33% to €1.2 million in 2017.
As reported by The Irish Independent, the group's revenue rose 22% to €22.5 million last year. Group marketing manager Christopher Kenny attributed the positive results to "favourable market conditions in the Dublin hotel market which resulted in occupancy rates of over 98% for our Dublin hotels in 2017 and our ongoing acquisitions."
Employment Numbers And Apartments
The Key Collections currently employs more than 300 people and also operates The Exhibitionist and Gainsborough Hotels in South Kensington, London, as well as a number of apartment blocks in Dublin.
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© 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.