Griffin Hotel Group Returns To Profit, Details Plans For Solar Farm

Griffin Group Hotels Limited, which operates Monart Destination Spa, the Ferrycarrig Hotel in Wexford and Hotel Kilkenny, has filed its 2021 annual accounts with the CRO.

Details

The 2021 filing shows that the group returned to a profit of €2.8 million, following a loss of €1.2 million in 2020.

Revenue for the year was €12.5 million, representing a reduction from pre-Covid levels due to the trading restrictions on the hospitality sector in early 2021.

The Griffin Group noted that approximately 80% of revenue generated in 2021 was spent on local suppliers and staff wages.

Solar Farm

Additionally, the Griffin Group has full planning permission for, and is in the early project development stages of, building a five-acre 1.5-megawatt solar farm at Monart Destination Spa.

Original article by Dave Simpson on hospitalityireland.com