Profits at Hastings Hotels Group, are up 21 per cent. Recently filed accounts show an increase in pre-tax profit to £4.9 million (€5.5 million). In the twelve months to
the end of October 2016 turnover at the family owned chain also improved by 4 per cent to £36.7 million.
The group currently owns six luxury hotels across Northern Ireland including the five-star Culloden estate, in which it recently completed a €5 million investment. Construction is underway on the company’s recently acquired Grand Central Hotel and is due to be completed in 2018 when an extra 104 rooms will be added to the building.
Hastings, a 50 per cent owner of Dublin’s Merrion Hotel, had net assets of £40.57 million in the last financial year, up from £34.8 million the previous year.
