Four-star Mount Wolseley resort to increase profits

The luxury four-star Mount Wolseley Hotel, Spa and Golf Resort is set to increase profitability “substantially” this year.

That is according to new owners, Tetrarch Capital, which last year saved the Co Carlow business after investing €7.5m in the resort when taking it out of examinership.

The business entered examinership in April 2014 with debts of €60m to a number of different financial institutions, with around €28m owed to Bank of Ireland alone.