New accounts at hotel firm Sugarloaf Ventures Ltd show that the company recorded the 74pc increase in pre-tax profits after revenues rose by 12pc from €26.29m to €29.51m. The pre-tax profits of €3.52m follow pre-tax profits of €2m in 2023.

The resort is part of the MHL Collection, a consortium led by US billionaire John Malone, and was purchased for more than €50m in 2019.

It is set on 1,000 acres and the property includes 198 bedrooms.

The MHL Collection was formed by its three partners, Mr Malone, Paul ­Higgins and John Lally.

It comprises eight hotels in Dublin and one in each of Galway and Limerick, along with Powerscourt. In addition, MHL manages two sister hotels in Galway.

The MHL Hotel Collection is the second largest hotel group in Dublin city with over 1,450 five and four-st

See Full Page