Owners of pub group quadruple pay to €2m
THE owners of one of the best known pub and hotel groups in the country almost quadrupled their pay to more than €2m last year as the company returned to profit.
Louis and Helen Fitzgerald, who control the Louis Fitzgerald pub, restaurant and hotel group, increased their aggregate remuneration by 381pc from €474,346 to €2.28m in 2011, new accounts show.
The group owns a host of high-profile venues in Dublin and around the country, including the Quays pubs in Temple Bar and Galway along with the Stag's Head, Kehoes, the Big Tree, the Baggot Inn and the Grand Central cafe bar in Dublin.
Results just filed by Ocsas Holdings Ltd, the parent company of the group, show the business recorded a pre-tax profit of €1.56m in the 12 months to the end of June 30. That was well up on the loss of €50.4m in 2010.
Despite the big increase in compensation, it is still well down on 2009, when the directors earned a combined €8.6m.
The group -- which is set to benefit from an influx of punters during Euro 2012 -- also operates the Poitin Still at Rathcoole; the Arlington Hotel in Dublin; and the four-star Louis Fitzgerald Hotel at Newlands Cross.