Mount Juliet Hotel backs return to profitability

The five-star Mount Juliet Hotel and golf resort anticipates a return to a modest level of profitability this year.

That is according to a spokesman for the co-owners of the resort, Tetrarch Capital, who was commenting on newly filed accounts for the business which show that pre-tax losses last year declined sharply to €1.9m as revenues increased.

In 2014, entrepreneur Emmet O’Neill and Tetrarch Capital sealed a deal to buy the resort for an estimated €15m. The Co Kilkenny resort was sold by the Killeen Group, the Mahony family’s holding company whose main interest is motor firm, Toyota Ireland.