Pre-tax profits more than double at Mespil Hotel

Pre-tax profits at the four-star Mespil Hotel in Dublin more than doubled to €2.39m last year, according to newly filed accounts.

A large contributor to the sharp rise in profit at the 254-bedroom hotel was the directors securing an exceptional gain of €1m arising from a bank loan discount upon the early repayment of loans and refinancing of debt with Bank of Ireland.

According to the directors’ report section of the accounts for Mespil Hotel Ltd, “trading for the year was satisfactory with an increase in operating profit of 20%”.