Ex-Seán Quinn owned Slieve Russell Hotel returns to profit

Formerly owned by businessman Seán Quinn, the four-star Slieve Russell Hotel in Co Cavan, returned to profit last year to book pre-tax profits of €7.4m.

Following the collapse of the Quinn empire, the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, took control of the Slieve Russell Hotel when a share receiver was appointed to the hotel firm, in April 2011.

The share receiver continues to operate the hotel and new accounts filed by Slieve Russell Hotel Property Ltd show that the hotel’s revenues increased by 16% to €14.56m in 2015.