Merrion Hotel owner sees profits soar

The hotel group that co-owns the luxury 5-star Merrion hotel in Dublin last year increased its pre-tax profits more than threefold to £2.4m (€2.923m).

This followed revenues at the Northern Ireland-based Hastings Hotels Group increasing by 7% from £35.1m to £37.5m in the 12 months to the end of October last.

Underlining the continued growth in business at the Merrion, the group’s share of its profit from its joint venture in the hotel increased by 58% from £338,456 to £537,304 last year.