FBD Property & Leisure plans to invest €7.5m in its hotels in Ireland and Spain

The former property arm of insurance group FBD is targeting 50% earnings growth for 2015 and plans to invest €7.5m in its existing hotels next year.
FBD Property & Leisure plans to invest €7.5m in its hotels in Ireland and Spain
Thu, 19 Nov, 2015 - 00:00
Geoff Percival

FBD Property & Leisure Ltd is projecting EBITDA of €9m this year, which would be a 50% rise on last year’s.

In addition, the company is to invest €7.5m in its hotel portfolio, although it has no plans to acquire or build new properties. It invested €2m in its hotels last year.

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FBD Property & LeisureSpainHotelsinvestingGrowthPlace: IrelandPlace: SpainPlace: DublinPlace: WaterfordPlace: Costa Del SolPerson: David KellyOrganisation: FBD Property & LeisureOrganisation: FBDOrganisation: FBD Property & Leisure LtdOrganisation: EBITDAOrganisation: Castleknock HotelOrganisation: Country ClubOrganisation: Tower HotelOrganisation: Farmer Business DevelopmentsOrganisation: FBD HoldingsOrganisation: FBDPLL
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