Northern Ireland hotel giant reveals £20m turnover as it plans £5m refurbishment project
Northern Ireland hotel giant Andras House, which has embarked on a £5m revamp of its Crowne Plaza venue, has reported a 20% jump in turnover to £20m in its latest accounts.
Pre-tax profits at the firm, which was founded by Lord Rana in 1981, also increased from £2.5m to £3.2m.
The company operates the Crowne Plaza, Holiday Inn Express and Holiday Inn in Belfast, as well as two Ibis hotels in the city.
It has announced an upgrade of the Crowne Plaza at Belfast's Shaw's Bridge with the refurbishment of 120 rooms - including the addition of new bathrooms.
It also plans to add another 36 rooms, including bridal suites and a so-called 'presidential' suite.
However, the hotel will remain open for business during the refurbishment, which started last month.
It's already carried out a revamp of the hotel's public areas. The venue, formerly the Ramada Plaza, was renamed the Crowne Plaza in 2016 after Andras House acquired the franchise from owner InterContinental Hotels Group.
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Company director Rajesh Rana said: "We are delighted to reach the final stage of our investment and upgrade plans, meaning that we are on-target to become the leading conference, wedding and leisure hotel in Northern Ireland.
"Our new, enhanced range of bedrooms, bathrooms and event space, combined with our award-winning chefs, means that we are now attracting conferences, weddings and events on a national scale.
"This upgrade of our bedrooms will complete the repositioning of the hotel for corporate and leisure guests while the additional bedrooms will confirm our position as Northern Ireland's largest residential conferencing and banqueting venues."
The refurbishment is being carried out by Consarc Architects and Philip Rodgers Design.
Paul Jackson, director of Consarc Design, said: "This has been one of our flagship projects over the past number of years and one which the entire team are very proud of. We have enjoyed working with Andras House and look forward to future projects." Andras Hotels will also open its sixth hotel, the 178-bedroom Hampton by Hilton, in Belfast city centre in May. It's one of a string of hotels due to open in Belfast this year, with the Marriott AC Hotel to be the first, in April, followed by the Hampton by Hilton in May and the Grand Central in June.
Andras House also operates 24 serviced flats called the Cordia Apartments on south Belfast's Lisburn Road. There are also three shops on the site.
A strategic report filed with Andras House accounts for the year ending April 30, 2017, said: "The group's hospitality market remains highly competitive. The directors are conscious of the need to control costs and maintain the high standards of service achieved going forward in order to remain competitive."