Davison’s wedding bash boosts Powerscourt coffers

One of Rosanna Davison’s three wedding bashes in summer 2014 contributed to the luxury five-star Powerscourt hotel and spa at Enniskerry, Co Wicklow, recording earnings of €700,000 last year.

The former Miss World held a glitzy wedding celebration at Powerscourt in June last year and new accounts show that the event contributed to revenues at the hotel increasing by 11% last year from €13.4m to €14.96m.

Damien Gaffney, chief investment officer of Tetrarch Capital, the company that owns the hotel, yesterday said: “The hotel delivered an excellent performance in 2014 with strong growth in revenue and occupancy rates. 

The strong performance has continued into 2015, and we anticipate another year of double-digit percentage revenue growth this year, following the 11% growth in 2014.”

The accounts show that the firm that actually operates Powerscourt, Sugarloaf Ventures Ltd, recorded earnings before interest, tax, depreciation and amortisation (Ebitda) of €700,000 last year and this followed an Ebitda loss €3.5m in 2013. The firm last year recorded a pre-tax loss of €975,009 and this followed pre-tax losses of €4.7m in 2013.

Mr Gaffney said he is hopeful that growth will see a return to” a material level of profitability this year”.

“Led by general manager David Webster, the Powerscourt team have delivered a dramatic turnaround of the business in a short space of time,” said Mr Gaffney.

He hailed the success of the rebrand of the business, formerly the Ritz-Carlton, in October 2013, as part of Marriott Autograph Collection of Luxury Hotels. 

He said the hotel’s strong performance has seen them take on 10 more staff, bringing staff numbers to 270 .

The hotel’s amenities include 200 spacious guest rooms, including 93 suites and a 30,000 square foot spa with 20 treatment rooms and facilities for events, conferences and weddings.

Tetrarch also operates The Marker Hotel in Dublin, the Mount Juliet resort in Kilkenny, Citywest in Dublin, and Killashee House hotel in Naas, Co Kildare.

Powerscourt Hotel and Spa was built by Johnny Ronan and Richard Barrett of Treasury Holdings and was bought by BCP and Midwest Holding for a knock-down price in 2013.


This Christmas remember that there is no such thing as cheap food.Buy local: Use your LOAF

As we wait, eager and giddy, a collective shudder of agitated ardor ripples through the theatre, like a Late, Late Toyshow audience when they KNOW Ryan’s going to give them another €150 voucher. Suddenly, a voice booms from the stage. Everyone erupts, whooping and cheering. And that was just for the safety announcement.Everyman's outstanding Jack and the Beanstalk ticks all panto boxes

Every band needs a Bez. In fact, there’s a case to be made that every workplace in the country could do with the Happy Mondays’ vibes man. Somebody to jump up with a pair of maracas and shake up the energy when things begin to flag.Happy Mondays create cheery Tuesday in Cork gig

More From The Irish Examiner