Pre-tax losses at five-star hotel fall to €900k as operating profit rises 69%

PRE-TAX losses at the Shelbourne Hotel in Dublin narrowed to over €900,000 in 2010, new figures show.

As a result, accumulated losses at the company that owns the hotel, Shelbourne Hotel Holdings Ltd, stood at €209.3 million at the end of December 2010.

The chief factor behind the accumulated loss is a €155m write-down in the landmark property recorded in 2008.