Interest payments take toll on profits at four-star hotel

Pre-tax losses at the company that operates the four-star Fitzpatrick’s Killiney Castle hotel in Dublin last year increased by 12% to €384,983.

The 18th century, 113-room hotel is owned by Eithne Scott-Lennon — her brother and well-known hotelier, John Fitzpatrick runs two Fitzpatrick hotels in New York city.

The accounts show that the hotel recorded a modest operating profit of €4,678, but interest payments of €391,109 resulted in the pre-tax loss in the 12 months to the end of Sep 29.