2012 a strong year for Ashford Castle

The five-star Ashford Castle hotel in Co Mayo had a €2.34m excess of income over expenditure in its first year in receivership.

Joint receiver to the property, Luke Charleton of Ernst & Young said yesterday that 2012 “was a strong year operationally for Ashford Castle”, adding that the hotel will enjoy its strongest quarter in over 20 years in the current quarter.

Mr Charleton was commenting on new documents lodged with the Companies Registration Office confirming the hotel recorded 2.34m excess of receipts over expenditure between Nov 2011 and Nov 2012.