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Hodson Bay group profits increase

A report on this morning states that the Hodson Bay hotel group, which includes the hotel of the same name in South Roscommon, last year increased operating profits by 5pc to €3.1m.

According to the article: The group is controlled by the O’Sullivan family and is made up of the four-star Hodson Bay hotel outside Athlone; the four-star Sheraton hotel in Athlone town centre and the four-star Galway Bay hotel.

The increase in profits followed revenues at the group increasing marginally from €30.47m to €30.98m in the 12 months to the end of February 2018. The group increased its pre-tax profits marginally, from €1.93m to €2m. This group achieved the profit after paying loan interest of €1.17m.

This year will signal the group’s entrance into the booming hotel market in Dublin, where in May it intends to open its 234-bedroom Hyatt hotel at the Coombe.

Read the article in full here

(Pic via Hodson Bay Hotel website)

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