Dua Lipa’s Aviva concert and the first NFL game in Dublin last year helped pre-tax profits at the five-star Conrad Hotel overlooking St Stephen’s Green to almost double to €3.3m last year.
New accounts filed by Earlsfort Centre Hotel Proprietors Ltd show that the hotel firm enjoyed the profits after revenues increased by 4% from €20.58m to €21.36m.
The pre-tax profits of €3.3m last year follow pre-tax profits of €1.72m in 2024 – an increase of 91%.
The directors state that the company’s 2025 results increased compared to 2024 “primarily due to higher occupancy levels supported by continued strong focus on costs”.
On the 2025 performance, the directors state that during the financial year, the average daily rate decreased by 0.15% while revenue per available room increased by 6.43%.
Occupancy at the hotel was boosted during the year by major events taking place in Dublin in 2025 including the two Oasis gigs at Croke Park, Dua Lipa playing the Aviva in June and the first ever NFL game in Dublin last September between the Pittsburgh Steelers and the Minnesota Vikings.
The hotel is subject to a long-term management agreement with Hilton Hotels (lreland) Limited who operate the hotel under its Conrad brand.
The hotel, which was sold to Dutch anchored hotel investor, Archer Hotel Capital in 2019 for a reported €118m, recorded operating profits of €4.09m last year.
Archer Hotels also own the five-star Shelbourne Hotel across St Stephen’s Green in Dublin.
In a post balance sheet event, the firm paid a dividend of €2.5m to parent firm, Archer Ireland BV in April 2026.
Interest payments of €789,918 at the Conrad firm reduced profits to a pre-tax profit of €3.3m.
The hotel firm recorded a post tax profit of €2.83m after incurring a corporation tax charge of €475,293.
The surge in profits came ahead of the firm this year lodging plans and securing planning permission this year to increase the number of hotel rooms by 192 to 308 as part of a “significant investment” in the hotel.
The plans include a new eight storey extension over existing event space, resulting in a 10 storey building.
Room revenues last year totalled €16.8m which works out at average daily room revenues of €46,044. This translates to average daily revenue per each of the 192 rooms of €240.
Other revenue at the hotel firm last year decreased from €4.75m to €4.55m.
Numbers employed increased from 175 to 189 as staff costs rose marginally from €7.25m to €7.3m.
The profits also take account of non-cash depreciation costs of €1.39m in 2025.
At the end of December 2025, the company had shareholder funds of €14.72m that included accumulated profits of €3.8m.
Cash funds last year increased from €12.74m to €13.45m.
On the principal risks and uncertainties facing the company, the directors list “reduction in international travel as a result of climate concerns of business and leisure travel”.
Reporting by Gordon Deegan
