Profits at luxury Lyrath Estate Hotel jump 67%to €835,000

Pre-tax profits at the Lyrath Estate Hotel in Co Kilkenny last year increased by 67% to €834,979. Newly-filed accounts for Lyrath Demesne Ltd show revenues increased by 8.5% to €12.7m.

The 139-bedroom luxury hotel set on 170 acres had the growth in revenues and profits under the ownership of businessman Xavier McAuliffe who has made a comeback to the business.