Tuesday January 21, 2020

Electrical tycoon’s firm nets €6m for hotel stake

Profit boosted by German hotel operator sale

Barry J Whyte

Chief Feature Writer

@whytebarry
2nd July, 2017
Gerry Houlihan and Aidan Crowe

A company owned by DID Electrical founder Gerry Houlihan and accountant Aidan Crowe has sold its stake in a German hotel operator for close to €6 million.

The company, Banesto, notes in its accounts that as a result of the sale it generated a profit of €6.7 million in 2016, compared to €1.3 million in 2015, though it did not disclose the precise amount of the deal.

The accounts state that the boost in profits was mostly...

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