Macdonald lifts profits following sale of Botley Park

The UK’s largest independent hotel group has boosted its profits and turnover.

Macdonald Hotels slashed its debt by almost £100 million in the last financial year.

Turnover at the the group has 55 hotels and resorts in the UK, Ireland, Spain and Portugal, was up 7% (£10.2m) to £155.7m. Total operating profit up 11% (£1.6m) to £16.9m while profit after tax up £2.5m to £6.1m

Its bank debt was reduced by over £96m at December 2015.

Gordon Fraser, deputy chairman and group finance director, said: “A deferred tax credit of £3.3m has been recognised this year due to the forecasted profits for the year ended March 2016 arising from the £58.8m gain from the disposal of land at Botley Park. In total, profit after tax of £6.1m is £2.5m above last year.”

Ruaridh Macdonald, deputy chief executive said: “We have enjoyed significant benefit from major events including The Ryder Cup, the Commonwealth Games, The Open Golf Championship and the Farnborough Air show, with like-for-like hotel sales up by 7% and hotel operating profit up by 10%. We have seen increases across our commercial, conference and leisure segments, resulting in a 2 percentage point growth in occupancy and a 6% increase in average room rate.




Conference News resides at the heart of the conference industry examining the issues affecting organisers, venues, destinations and suppliers. Published monthly, Conference News features the latest news, interviews and industry analysis from market influencers.

Up Next

Related Posts