Xiu Lan Holdings, the company that owns Fota Island Resort and the Kingsley Hotel in Cork, reported a loss for its 2025 financial year of just over €1m after seeing its operating profit decline by 16%, its latest accounts show. The company generated a turnover over €37m in 2025, up from €36.44m in 2024. “With increasing turnover, golf membership at Fota Island Golf Club is currently at its highest, which is central to the success of the resort, and there are strong international bookings in place for the forthcoming year,” the company said. As of the end of its 2025 financial year, the group has assets valued at €64.8m — down year-on-year from €66.7m — while its liabilities stood at €36.5m, also down from €37.5m. The ownership of the Fota Island Resort and the Kingsley Hotel has been the subject of a long-running legal battle by Chinese businessman Yuzhu Kang and was only resolved in February 2024.

Source: Irish Examiner March 26, 2026 16:02 UTC