Stars boost coffers at top Dublin hotel

Profits at one of Ireland’s most exclusive hotels remained relatively constant last year, with some of the world’s biggest music stars helping to boost its coffers.

After-tax profits at the Merrion Hotel on Dublin’s Upper Merrion Street fell marginally from €1.44m to less than €1.43m, as revenues also remained largely unchanged since 2012 at 16.8m — an increase of €540,000 in the year.

Despite revenues rising in the 12-month period, costs also rose, thus eating into the benefits and reducing gross profit for the year by €91,000 compared to 2012.