Fota Island Resort hotel owner posts €113k profit

The Chinese-owned firm that operates the luxury Fota Island Resort hotel in Cork recorded pre-tax profits of just over €113,000 in its first year in business.

In 2013, the Kang family purchased the five star Fota Island Resort for a reported €20 million and they quickly followed that purchase by snapping up the Kingsley Hotel in Cork for €6m.

The Fota resort had been built by Irish developer, John Fleming for over €90m and was sold on behalf of Nama to the Beijing hotelier family.