The figures reveal that the vehicle, which was established to take the chain private by the three daughters of late hotelier PV Doyle in September 2005, made a profit of just 132,000 on the sale of two hotels, Dublin's Berkeley Court Hotel and the Jurys Glasgow Hotel in Scotland this year.

The accounts show that while the combined sale price of the two was 126m, that was just 4m over their book value while the cost of closing the hotels was 6.5m.

The company also incurred finance costs of almost 1.9m from the sale of Dublin's Jurys Ballsbridge to Sean Dunne for 260m in 2005 after used the proceeds to repay some of its debts. It later lost another 28m when it cancelled a series of corporate bonds which were payable in 2010 four years early.

The company also recorded an once-off 11.1m restructuring charge relating to new labour practices introduced in the group in 2006.

Apart from these once-off expenses, the accounts reveal that JDH's hotels are trading robustly and made an operating profit of 79.2m during the period to the end of last December with a combined turnover was 412m.

Although the JDH's eight directors shared just 428,000 in fees between them during this time, a number of companies linked to them benefitted from service payments from the firm.

Crownway Holdings, which is owned by one of the Doyle sisters Bernie Gallagher and her husband John, who are both directors of JDH, received almost 1.2m for advisory services.

Meanwhile, law firm Vincent & Beatty Solicitors, the managing partner of which is JDH non-executive director Walter Beatty, received 1.8m in legal fees.