DESPITE difficult trading condi- tions, one of the county’s best known hotels still managed to report an op- erating profit of €282,076 last year.
According to accounts recently re- turned to the companies’ office for the year to the end of June 2009, the Falls Hotel in Ennistymon recorded a pre-tax profit of €14,003.While this represents a 40 per cent drop on the €23,437 pre-tax profits recorded in 2008, the significant difference between operating and pre-tax profit was a €268,073 bank loan interest charge last year.
The hotel’s gross profit last year dropped by 3 per cent from €3.7m to €3.6m with its cost base dropping by 2 per cent from €3.4m to €3.3m The pre-tax profit recorded last year resulted in the company having ac- cumulated profits of €960,595.
The accounts show that the com- pany has fixed assets valued at €7.8 pebdeeLOee
The directors are listed as Daniel McCarthy and Eileen McCarthy and the accounts show that the company had a €5.2m loan from the Bank of Scotland.
The McCarthys purchased the busi- ness in 1986 when it comprised of a small 20 bedroom hotel. Now, after a significant expansion programme, the hotel has 150 bedrooms and nine duplex apartments; weddings and
banqueting facilities for up to 350 people; conference facilities for 350 people; an aqua and fitness club and a river spa which incorporates 12 treatment rooms and a thermal suite.
More recently, the Falls Hotel se- cured planning permission for a hy- dro scheme in a bid to reduce energy costs at the hotel.
The second generation of the Mc- Carthy’s are now working in The Falls Hotel. Eldest son Michael Mc- Carthy is the General Manager and his brother John is the Deputy Man-
ager.
The hotel has arich history. Towards to end of the 1930’s, it was leased for five years to the late Brendan O’Regan, who later pioneered cater- ing and sales services at Shannon International Airport. O’Regan ran the hotel during the years of World War Two, and one of his innovations was to supply hot meals in hayboxes to the golfers in Lahinch.
The next owner was a retired Welshman Gerard Henry Williams- Owen who operated the business
during the summer months only.
In 1955 John F. Wood and his wife Bridget acquired the hotel. They added the hydro-electric plant which for many years provided power to the building and the ‘plant’ can still be seen a short distance upstream, just below the cascades.