Profits Rise At Druids Glen Hotel

By Dave Simpson
Profits Rise At Druids Glen Hotel

New accounts for the company behind Co. Wicklow's Druids Glen hotel, Obalus Hotel Company Ltd, reveal that the firm's pre-tax profit came to €978,887 last year while revenues rose 6% from €12.13 million to €12.67 million.

As reported by The Irish Independent, the company's 2017 pre-tax profit follows a pre-tax loss of €1.39 million in 2016. The directors' report indicated that the Druids Glen hotel amassed an operating profit of €1.3 million in 2017, with the directors stating, "2018 is already proving to be a strong year".

Hotel Sale

The figures' reveal follows the news from August that the Druids Glen hotel had been put on the market with a guide price of €45 million.

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