Fitzwilliam Hotel owner sees profits surge 50%

Profits at the group that operates the five-star Fitzwilliam Hotel and the Bailey pub in Dublin last year jumped by 50% to €9.4m.

Newly filed accounts for Ampleforth Ltd show that the group’s revenues also increased by 12.5% to €32.7m.

The group’s fortunes were boosted by both its hotel and bar being revalued, by CBRE.