Profit & Loss: Fitzpatrick Killiney hotel’s bounce, National Stud’s Invincible Spirit and Formation Group’s pivot

Revealing who is up and who is down as we go inside the world of private Irish businesses

Barry J Whyte
August 13, 2023

Three hotels, the Mespil on Baggot Street, Dublin, Fitzpatrick Castle Hotel in Killiney and the Fitzwilliam Hotel Group all saw turnover and profits rise sharply after the lifting of Covid restrictions. Picture: Getty

Hotel companies enjoy post-Covid boost

Three large hotel companies saw their turnover and profits rise sharply in 2022 after the lifting of Covid-19 restrictions.

News Focus
Companies
Profit & Loss
Niall Horan
Willie O'Dea

The Mespil Hotel on Baggot Street, Dublin saw its turnover leap from €1.7 million to €10.9 million in the year ending September 30, 2022. The company’s expenses rose from €3.5 million to €7.5 million, and it had pre-tax profits of €3.4 million, compared to a pre-tax loss the previous year of ...