A five-star hotel in Kilkenny hopeful to return to profit in 2016.

The five -star Mount Juliet hotel and golf resort in Co. Kilkenny hopes to return to profit in 2016.

That’s according to yesterday’s Irish Independent.

The luxury hotel was bought by Tetrach Capital for €15m in 2014.

In 2015 the hotel showed pre-tax losses which declined by 23 percent to 1.9m as revenues for the hotel increased by 5 percent to 9.5 million.

The management invested 6 million for an expansion of the luxury resort near Kells Priory in Co Kilkenny which will deliver another 77 rooms next year.