Pre-tax profits at the five star Druids Glen hotel and resort in Co Wicklow last year increased by 51% to €1.48m.
The luxury hotel recorded the profit growth after revenue increased by 5% from €12.87m to €13.5m.
The surge in pre-tax profits from €978,887 to €1.48m last year came ahead of the resort being sold for €45m in June to the Neville Hotel Group.
The resort, which has hosted four Irish Open golf championships, was until last June owned by three Irish families - the Lappins, the Hurleys and the Flinns.
The Neville Hotel Group also owns and operates the Royal Marine Hotel in Dun Laoghaire, the Tower Hotel in Waterford City, and the Kilkenny River Court Hotel.
According to the directors' report for the Druids Glen company, Obalus Hotel Company Ltd, the company "traded strongly in 2018 reporting an operating profit of €1.5m".
They state: "The results for the year and the financial position at the year end were considered satisfactory by the directors who anticipate similar results for the foreseeable future."
The company recorded post tax profits of €1.29m after paying corporation tax of €187,919.
Numbers employed at the hotel and resort last year increased from 221 to 228 and staff costs increased from €5.1m to €5.5m.
The pre-tax profit last year takes account of non-cash deprecation charges of €620,758.
At the end of last year, accumulated profits at the company totaled €2.37m. The company’s cash pile last year increased from €251,486 to €514,389.
Formerly operated by Marriott, Druids Glen first opened in 1995, and is located on a 349-acre site in north Wicklow.
Last year the 145 bedroom Druids Glen unveiled a €9m investment in its suites, bars and lobby area, which included a new extension and terrace named The Garden Rooms & Bar.
