State purchased facility in August for over €148m and said the deal would provide savings of €1bn over 25 years
The Citywest Hotel in Dublin. Photo: Collins
The scale of profits recorded by the former owners of the Citywest Hotel in Saggart, west Dublin, from accommodating refugees have been revealed for the first time.
The former owners of the hotel, Tetrarch Capital, have lodged overdue accounts for the hotel showing that the business recorded operating profits of €17.5m in 2022.