Fota Island Resort owner posts €1.2m loss despite turnover rise
The ownership of the Fota Island Resort and the Kingsley Hotel has already been the subject of a long-running legal battle which was only resolved in February 2024.
Xiu Lan Holdings, the company that owns both Fota Island Resort and The Kingsley in Cork, posted a loss of €1.2m during its 2024 financial year despite seeing an increase in turnover, the company’s latest financial statement shows.
According to the document, the company generated a turnover of €36.44m in the 12 months ending on March 31, 2024 - up from €34.45m in its 2023 financial year.
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