Shelbourne Grows Revenue

The Shelbourne Hotel in Dublin grew its revenue by more than a third in the first six months of 2023 on the back of increased travel to the city and higher room rates.

US investment fund Kennedy Wilson spent $152 million (€138 million) in early 2014 to take control of the Shelbourne by acquiring debts tied to the hotel from Irish Bank Resolution Corp, formerly Anglo Irish Bank.

Details of the hotel’s performance this year are contained within Kennedy Wilson’s quarterly results for three months ended June 30th, which were published by the company on Friday.

The filing shows the Shelbourne, which has 265 hotel rooms, generated an income of $26.1 million in the first six months of the year, compared with $19.2 million for the same period in 2022.