Mespil Hotel firm secures writedown on bank debt

The family-owned firm that owns the Mespil Hotel in Dublin has secured a writedown on its bank debt.

New accounts filed by Mespil Hotel Ltd show pre-tax profits at the firm increased by 38% from €813,858 to €1.12m in the 12 months to the end of September 30 last.

According to the firm’s directors’ report, “subsequent to year end, bank borrowings were refinanced at a discount and a charge was registered in favour of Bank of Ireland”.