John Fitzpatrick’s New York hotels earn $2.3m after tax
New York group records 91% occupancy rate, but group profits hit by rising competition
John Fitzpatrick: “We don’t see any sign of a downturn in business from the UK at the moment.” Photograph: James Higgins
The two New York hotels owned by Irishman John Fitzpatrick made a combined after-tax profit of $2.3 million (€2.03 million) last year, a period when the group achieved a record occupancy rate of 91 per cent.
Latest accounts for Fitzpatrick Hotels Ltd show its turnover rose by 1.2 per cent to $26.55 million in the year to the end of September 2015.