FBD Hotels and Resorts reports €9.2m profits

FBD Hotels and Resorts reports €9.2m profits

FBD Hotels and Resorts, which employs more than 700 people across its portfolio, is reporting a strong performance for 2015.

The group owned by Farmer Business Developments plc, following the acquisition of FBD Holdings’ 50% share in October 2015, has announced profits of €9.2m for last year.

CEO David Kelly said the company was feeling the benefits of a positive economy.

"Irish hotels were benefitting from the ongoing improved momentum in Ireland, especially in Dublin but also in the regions," he said.

"In Spain, we're also seeing an improvement in the domestic economy and also the improvemet in visitor numbers to Spain."

The group is targeting €50m operating profits across its portfolio to year end 2020.

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