Subscribe Login
Hotel

Profits Rise At Druids Glen Hotel

By Dave Simpson

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.

Get a FREE Digital Subscription!

Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy

© 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.

Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription
Enjoy a FREE Digital Subscription
Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.
Enjoy a FREE Digital Subscription