Archive for the Annual Results Category

Macdonald Hotels reports profit growth as it aims for luxury status

Independent hotel group, Macdonald Hotels, has announced that it has achieved a profit of £4m in the last financial year and has reduced net core debt to a 14-year low. The group, which has 53 hotels and resorts in the UK, Ireland, Spain and Portugal, published its annual results for the year to 30 March 2017. The results showed that the group’s like-for-like turnover was up by 5% to £7.8m and its operating profit was up 8% to £3.2m. The group’s profit before tax was reported as £5.6m whereas its bank net core debt was reduced to £184m, which was


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