Citywest hotel makes operating profits of €17.5m in one year for housing refugees

State bought centre for €148.25m this year, with the purchase estimated to save the Government €1bn over 25 years

The Citywest Hotel and refugee centre in Saggart, West Dublin. Picture: Colin Keegan/ Collins

The scale of profits recorded by the former owners of the Citywest hotel in Saggart in west Dublin for accommodating refugees have been revealed for the first time.

The former owner of the hotel, Tetrarch Capital, has lodged overdue accounts for the hotel, showing the business recorded operating profits of €17.5m in 2022.