Shelbourne Hotel operating company pre-tax losses treble

PRE-tax losses at the company that manages the luxurious five-star Shelbourne Hotel in Dublin increased threefold to €7.6 million last year, new accounts show.

Accounts just filed with the Companies Registration Office by Torriam Hotel Operating Company show the chief factor behind the increased loss was the €7.5m costs incurred by Torriam, associated with a legal case taken against it by the hotel’s owner, Shelbourne Hotel Holdings Ltd (SHHL).

The case concerned Torriam’s fulfilment of obligations arising out of the parties’ 20-year management agreement for the operation of the Shelbourne.