Ormonde Hotel returns to profit

A FOUR-star Kilkenny hotel operated by one of the country’s best-known developers, Jerry O’Reilly, recorded a profit for the first nine months of last year following “substantial trading losses” in previous years.

Accounts recently filed by the Kilkenny Ormonde Hotel to the Companies Office show that it had a trading loss of €1.37 million in the 12 months to the end of December 2009.

However, a note attached to the filings shows that the Kilkenny Ormonde’s management accounts recorded a trading profit before rent and interest of €180,021 in the nine months to the end of September 30 last.