Room rates at the Shelbourne up 20 per cent since early 2022

The valuation of the hotel on St Stephen’s Green in Dublin has also soared to €236 million

The Shelbourne hotel in Dublin Picture: Feargal Ward

The Shelbourne hotel’s average daily rate increased more than 20 per cent on an annual basis in the first three months of the year.

New financial filings for the hotel show its average daily rate was $428.8 in the first quarter of the year, which is €391.41, compared to $354.3 in the same period of 2022.

The returns recorded by the hotel are expected to take a hit later this year when the special 9 ...