No-frills formula nets two hoteliers €15m windfall

There are no biscuits or teapots in the rooms of hotel guests but the winning no-frills formula at Travelodge has resulted in a €15m windfall for two Dublin businessmen.

No-frills formula nets two hoteliers €15m windfall
Fri, 21 Dec, 2012 - 00:00
Gordon Deegan

New accounts show hoteliers Richard O’Sullivan, from Rathmines, and Seamus McGowan, from Foxrock, shared €15m from the Irish franchise this year.

The two purchased the franchise along with its eight properties in 2004.

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CourtsPlace: DublinPlace: RathminesPlace: FoxrockPlace: BelfastPlace: DerryPlace: GalwayPlace: WaterfordPlace: LimerickPlace: CorkPlace: Dublin CityPerson: Richard O’SullivanPerson: Seamus McGowanPerson: O’SullivanPerson: McGowanOrganisation: TravelodgeOrganisation: Smorgs Ltd.Organisation: Travelodge HotelsOrganisation: Smorgs (Ireland) Ltd
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