Merrion Hotel co-owner sees 9% jump in profits

Pre-tax profits at the hotel group that co-owns the luxury five-star Merrion Hotel, in Dublin, increased 9% last year to £2.19m (€3m).

The increase in profits at the Northern Ireland-based Hastings Hotels Group came as the group increased its revenues by 1.35%, from £39.24m to £39.77m in the 12 months to the end of last October.

The figures show that the Merrion Hotel outperformed the group last year, with the group’s joint venture share of the Merrion’s operating profit increasing by 13.5% from £555,170 to £630,101.