Hotel giants see profits and turnover on the rise

THE operator of some of the region's top hotels has seen revenue and profits grow in a year when it invested in its leisure facilities.

- GRAEME WHITFIELD

Ramside Estates operates Ramside Hall near Durham and Hardwick Hall at Sedgefield, as well as the Fed events space in Gateshead and bars in Newcastle and Sedgefield.

It has now released accounts for the year ending November 30 2024 in which its turnover increased from £35.6m a year earlier to £37.2m.

Over the same period, operating profit went up from just under £2m to £2.4m. In the accounts, director John Adamson highlights significant investment in the golf facilities at Ramside, with total capital expenditure during the year reaching £3.7m.

The company said the investments would "enhance the company's leisure offering, supporting customer acquisition and retention".