Galgorm Resort owners make £2.3m profit in 2012
- Published
The hotel group that owns the Galgorm Resort and Spa in County Antrim made pre-tax profits of £2.3m in 2012, up by £300,000 on 2011.
Turnover at Tullymore House Ltd also rose, from £9.5m to almost £11m.
The shareholders, the Ballymena-based Hill family, shared a dividend of £3.5m up from £1.9m in 2011.
The directors of Tullymore House said they would 'continue to focus on growth plans for Galgorm' as well as 'appraising potential new projects.'
Last week the Hill family confirmed they had bought Scottish Mutual building in Belfast city centre with a view to developing a new hotel.
The building, which was being sold by the Irish government's National Asset Management Agency (Nama), had an asking price of £1.75m.
At the peak of the property boom in 2008 the Hills sold another central Belfast hotel, Ten Square, for a reported £17m.
They also sold the site of the Tullymore House Hotel in Broughshane to a housing developer.