Saturday 23 September 2017

Fitzwilliam Hotel firm profits jump by 81pc

The Fitzwilliam Hotel
The Fitzwilliam Hotel
Sarah McCabe

Sarah McCabe

THE company behind the Fitzwilliam Hotel saw profits soar last year as room rates increased.

Ampleforth Limited, which owns the hotel on St Stephen's Green in Dublin, saw operating profits jump by 81pc to €3.06m in 2012. Group sales were up 18pc to €30.1m.

The owners, who include investor Michael Holland, attributed this significant increase in profitability to an improvement in occupancy and room rates during the year.

The five-star hotel was styled by designer Terence Conran and is home to one of Dublin's best-known restaurants, Michelin-starred Thorntons, and another more informal restaurant, Citron.

In addition to the Fitzwilliam Hotel, Mr Holland's group also owns the iconic Bailey Bar on Duke Street in Dublin, which it bought in 2011. It also owns tour operating company Irish Welcome Tours, which is run from Sandyford Industrial Estate.

The group went through a significant corporate restructuring process in 2012, splitting into separate hotel, food & beverage and tourism divisions.

Irish Independent

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