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Lough Rynn Castle And Kilronan Castle Enjoy Profitable Year

Published on Mar 14 2017 12:21 PM in Hotel tagged: Lough Rynn Castle / Kilronan Castle / Hanly Castle Hotel Group

Lough Rynn Castle And Kilronan Castle Enjoy Profitable Year

Lough Rynn Castle (pictured) in Co Leitrim and its sister property Kilronan Castle in Co Roscommon have both enjoyed a successful year, with the latter recording profits of €2 million in 2015.

Newly-filed accounts for the four-star Lough Rynn show it recorded profits of €173,602 in 2015 and that Kilronan Castle increased its number of staff from 128 to 149, as staff costs grew to €3 million, reports the Irish Independent. The hotels are members of the Hanly Castle Hotel Group and had been acquired for €14 million last year after being put on the market for €8 million.

The 44-bedroom Lough Rynn hotel comprises of over 300 acres while Kilronan Castle, which is located on the shores of Lough Meelagh, has forty acres, 84 bedrooms, a leisure centre and 48 holiday homes. A note attached to each of the hotel accounts stated that the directors "are confident that following the restructuring process introduced by the new owners, the company will be in a position to meet its obligations as they fall due to trade profitably".

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