The Hong Kong company that operates the luxury Fota Island Resort in Cork recorded losses of €386,827 last year as it further invested in the resort.

DEVELOPMENT land on the grounds of the five-star Fota Island Resort, with full planning in place for 88 houses, half of them pitched at the “executive family market” goes to market this week for Fota’s owners the Kang family, via agents Lisney, guided at €4m.

Operating profits at the Chinese-owned firm that operates the luxury Fota Island Resort in Cork fell last year by 37% to €232,845.

The Chinese-owned firm that operates the luxury Fota Island Resort hotel in Cork recorded pre-tax profits of just over €113,000 in its first year in business.