Castlemartyr and Gresham hotels make strong post covid-19 recoveries as revenues surge

Castlemartyr recorded revenues of €12.45m for last year compared €7.11m for the prior nine-month period in 2021.

Despite a surge in revenues, Castlemartyr recorded a loss as administrative expenses increased from €6.2m to €11.99m.

Companies behind two well-known hotel brands in the Irish hospitality sector, the Riu Plaza The Gresham Dublin and the five-star Castlemartyr resort in Co Cork last year made strong business recoveries post-covid-19.

New accounts lodged by Castlemartyr Country Hotel Resort Ltd show that revenues last year increased by 75pc from €7.11m to €12.45m.