Hastings Posts €6.15M Profit

Hastings Hotel Group has posted pre-tax profits that increased nine-fold to £6.15 million (€6.95m). The profits followed a revenue increase of 54 per cent from £27.99 million to £43.17 million in the 12 months to the end of October last. It posted profits of £679,674 in 2021.

Indicating a very profitable year for the Merrion Hotel, the profits at the Belfast-headquartered hotel group include a £1.79 million profit from its share of the joint venture. The group posted a £294,043 loss on its joint venture in 2021.

The group’s hotels include the Europa Hotel, the Grand Central Hotel, and the Culloden Estate and Spa in Belfast.