Hotel family nets €4.5m dividend

The O’Sullivan family that owns the four-star 153-bed Galway Bay Hotel shared a dividend of €4.5m last year, new figures show.

The O’Sullivan family also owns the 182-bed Hodson Bay Hotel and 167-bed Sheraton hotel in Athlone, Co Westmeath.

The dividend has been paid by Galway Bay Hotel, Conference and Leisure Ltd to the family’s Shermond Holdings and the largest shareholders in that firm include Aidan O’Sullivan, Brendan O’Sullivan, Ciara O’Sullivan and Johnny O’Sullivan who each have a 23.5% stake in the firm.