Shelbourne profits up 44% in 2012

The five-star Shelbourne Hotel in Dublin, increased its operating profits by 44% to €4.5m in 2012.

The figure was revealed in accounts just filed with the Companies Office by Shelbourne Hotel Holdings Ltd, with a note stating that the hotel’s key performance indicators continued to improve during 2013.

In January this year, US property investment firm, Kennedy Wilson secured control of the 265 bedroom Shelbourne after acquiring its debt for $152m (€110m).