Contrasting fortunes at Lee Hotel Group properties

Pre-tax profits at the four-star Mespil Hotel in Dublin increased by 17% to €2.5m last year.

The hotel’s gross profit increased by 16% to €8.42m, with management attributing the improved performance, during the 12 months to the end of last September, to the continuing recovery in the hotel sector in Dublin and the substantial investment made in refurbishing the hotel.

The Mespil was approved by Fáilte Ireland as a four-star hotel in early 2016 as a result of the improvements made to the property.