The Shangri-La Hotel, which occupies floors 34-52 of the Shard has lost more than £60 million since it opened four years ago.

The five-star hotel offers spectacular views over the Capital as well as marble bathrooms, an infinity pool 600 feet off the ground and a standard room rate of £399.

Reasons for the losses have been rocketing costs and a very competitive hotel landscape in London, where 5,000 new rooms were added in 2016.