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The company that operates the five-star Shelbourne Hotel in St Stephen's Green, Dublin, recorded a slight increase in sales last year despite a decline in rates of Occupation linked to a renovation of several million euros. Shelbourne Ops Limited posts a pre-tax profit of 3.9 million euros against 3.9 million euros a year ago, the turnover rising from 39.7 million euros to 41.7 million euros
. However, the turnover was partially offset by an increase in operating expenses, which reached 34.7 million euros, partly thanks to the 15.8 million euros. spent to renovate the hotel.
The Shelbourne, acquired by the American investment firm Kennedy Wilson The redevelopment was led by Guy Oliver of the design firm Oliver Laws, who also worked on Claridge's, The Connaught and No. 10 Downing Street
. The redevelopment included the improvement of the 142 m2 presidential suite, The Princess Grace, which costs € 7,500 per night.
The Lord Mayor's Hotel Lounge reopened earlier this year after a four-month shutdown after "A Strong Position"
"The directors remain convinced that the firm's strong commercial position Hotel will continue in the medium and long term because the benefits The renovation project undertaken by both the company and its owner continued to be realized, "said KW Ops in a note. attached to the accounts
The hotel, inaugurated in 1824, has 265 rooms including 19 suites.
The figures published by the STR travel study company on Friday show that Dublin hotels recorded a record performance in the second quarter with average daily prices of 9.5. percent of the year at 155.75 €. Occupancy rates were also higher, as was disposable income per room, a much appreciated industry measure.
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