Hastings Hotels firm books 21% profits rise

Pre-tax profits at the family-owned hotel group that owns a number of hotels, including the Europa Hotel in Belfast, the Culloden in Co Down, and also co-owns Dublin’s Merrion Hotel increased 21% to £4.9m (€5.5m).

Revenues at the Hastings Hotels Group rose 4% to £36.7m in the 12 months to the end of October.

The figures show that the Merrion Hotel performed strongly, as operating profit generated by the firm from the hotel more than doubled to £685,095. Hastings owns 50% of the Merrion, with Lochlann Quinn and Martin Naughton, owner of Glen Dimplex, owning the rest.