The company that operates the Shelbourne Hotel in Dublin reported a widening of losses after tax last year as Covid-related Government supports dried up and interest payments on loans from its parent company increased.
By the end of 2023 accumulated losses of almost €12.8 million had built up at Torriam Hotel Operating Company, which is owned by US hospitality giant Marriott International.
Torriam, which manages the five-star property on St Stephen’s Green on a contract basis with its previous owners Kennedy Wilson, filed accounts in Dublin this week. They reveal an overall shareholder deficit in excess of €10.3 million at the Irish-registered entity at the end of last year.
Marriott, which has been approached for comment, has…