The company behind Dublin's Gresham Hotel last year made a €4.9m operating profit in 2017 on revenue of €17.6m. That compared to €5.5m and €18.2m respectiv
ely during 2016.
The directors of the Gresham firm, who include Riu CEO Luis Riu Güell, noted that while revenue and profits at the hotel fell last year, it's anticipated that the figures will
improve in the current year.
The latest set of accounts show that the Gresham generated €13.6m in revenue from room sales last year, and €3.5m from food and bar sales. The rooms sales figure was about €500,000 lower than in 2016, while the food and bar sales were down €1m.
The Riu group paid €92m for the Gresham, after the hotel had been put up for sale earlier that year by Nama.