Merrion Hotel reports on a five-star year

Pre-tax profits up 63%

Merrion Hotel reports on a five-star year

merrionhotel.com

Dublin's Merrion Hotel enjoyed a record 2015, with the luxury Georgian establishment posting pre-tax profits of €2.35 million.

This marks a 63% increase over 23014, as revenues and occupancy reached their highest-ever levels.

Revenues at Hotel Merrion Ltd climbed 11% from €17.6m to €19.6m.

A dividend of €102,422 was paid to shareholders last year, up from €96,083 in 2014.

The five-star hotel has 123 rooms and 19 suites and hass been frequented by a host of Hollywood A-listers, musical superstars and one Barack Obama in the past.

Average revenue for each room came in at €138,130, or €378 a night.

The hotel, which is partly owned by former Glen Dimplex colleagues Martin Naughton and Lochlann Quinn, is currently building new rooms and suites to the rear of the Dublin 2 property and facing onto Baggot Street.

The directors' report stated:

"The hotel had a good year with revenues, room rates and occupancy being at their highest levels reflecting a strong performance by the Dublin market...

"The near term outlook remains strong and we believe we can maintain revenues and profitability."