A firm that is part of Galway businessman Gerry Barrett’s Edwards Holdings group recorded profits of €49.29m in 2013.

The firm operating the five-star Ashford Castle hotel resort recorded pre-tax profits of €724,983 in its first year of operation.

The directors of a top hotel which has been a landmark in Irish tourism for more than a century and a half, yesterday moved to ease concerns among customers arising from its forthcoming sale.

Galway investor Gerry Barrett is working with Nama to agree a plan to trade out assets in his Edwards Holdings group until they can be prepared for sale.

The receivership of the five-star Ashford Castle hotel and resort has proved a boon to professionals with over €785,000 paid out in fees over an 18-month period.

The five-star Ashford Castle hotel in Co Mayo had a €2.34m excess of income over expenditure in its first year in receivership.

BOTH the Parknasilla Hotel and the Cork International Airport Hotel have overseas buyers, the first in legals, the second sold to Phillips Hotels Ltd for approximately €5m. So Savills’ successful run of sales shows it’s not just the Dublin hotel market (where the 500 bed Burlington’s selling for €70 m to the private equity group Blackstone) that’s attracting investors.

IT will be “business as normal” at the five-star Ashford Castle Hotel, receivers appointed to the leading European hotel said yesterday.

THE company that operates the four-star Meyrick Hotel in Galway’s Eyre Square recorded losses totalling €53.2 million in 2009 and 2008, new figures show.

ONE of the country’s best known hotels, the five-star Ashford Castle in Co Mayo recorded combined pre-tax losses totalling €39 million in 2009 and 2008.

MOSNEY asylum seekers have been told they must leave the centre by tomorrow.

PART of a site which netted e27 million for an old folks charity three years ago is now to be off-loaded — most likely at a significant loss, by Edward Holdings’ developer Gerry Barrett, owner of Galway’s G Hotel.

THE COMPANY behind a proposed €200 million retail centre in Waterford has launched a campaign to attempt to win public support for the project.

The board of Great Southern Hotels Limited (GSH) has approved the sale of seven of its eight hotels as going concerns and the decision has been ratified by the board of Dublin Airport Authority.

A Galway businessman is reportedly set to buy three of the best-known hotels in the Great Southern Hotels Group.

A LONDON police station where the playwright Brendan Behan was once held has been sold to an Irish property developer.