Conrad sees strong rise in both profit and revenue

Pre-tax profits at the firm that owns the exclusive five-star Conrad Hotel in Dublin more than quadrupled last year to €915,575.

Newly-filed accounts for Earlsfort Centre Hotel Proprietors Ltd — the 191-bed hotel’s holding company —also show a 6% rise in revenues to €12.16m.

In the accounts, the firm’s directors state that they believe the 2014 forecast will trend ahead of plan. They confirm that shareholders have agreed to a significant injection of equity into the business to fund a capital expenditure programme.