herald

Friday 24 November 2017

LEISURE

BOD's wedding hotel in NAMA

THE company that operates Lough Rynn Castle, the five-star hotel where Brian O'Driscoll and Amy Huberman celebrated their wedding reception, has submitted a business plan to NAMA, new documents show.

The couple held their reception at the Co Leitrim hotel in July 2010. Accounts just filed by Lough Rynn Castle Ltd confirm that the company recorded a loss of €145,330 during that year.

However, hotel director of the Hanly Group, Clement Gaffney, said the company recorded a trading profit during 2010.

He said the loss takes account of rent of €250,000 paid by the company to owners Alan and Albert Hanly, in addition to non-cash depreciation costs of €91,000.







Difficult

He added that the success of the Brian O'Driscoll and Amy Huberman wedding resulted in an increased profile for the hotel and this helped in growing revenues in a difficult economic environment.

The abridged accounts do not provide a revenue figure, but Mr Gaffney stated revenues at Lough Rynn increased by 2pc in 2010. While 2010 was a difficult time for all businesses operating within the hospitality sector, Lough Rynn traded well during this time, he said.

Mr Gaffney said previously: "We were very honoured that (Brian and Amy) chose Lough Rynn and it was our pleasure to look after them, their families and friends."

Promoted articles

Entertainment News