Five-star profits: Merrion Hotel buoyed by record year
Pre-tax profits at one of the best-known five-star hotels in the country, the Merrion Hotel, last year increased by 29pc to €4.14m.
New accounts show that Hotel Merrion Ltd enjoyed the surge in pre-tax profits as revenues increased by 10pc to a record €25.06m in the 12 months to the end of October last.
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The multi-award-winning hotel comprises 123 rooms and 19 suites. According to the directors' report, "the hotel had a good year, with revenues, room rates and occupancy being at their highest levels, reflecting a strong performance by the Dublin market". The directors added that "the near-term outlook remains strong and we believe we can maintain revenues and profitability".
Numbers employed increased to 327 from 296, with staff costs increasing to €10.28m from €8.8m.