everything that can be done in ICU (monitoring, warming, inotropes) can be done in theatre.
Not really. If you're continuing to operate, your patient will continue to lose blood, heat, and incur ongoing tissue damage with its associated cytokine release. Furthermore, the patient is under general anesthesia, a powerful vasodilator/cardiovascular depressant, so they're often requiring a lot more inotropes/pressors than they will when they're in the ICU not under general anesthesia. Weaning off pressors is a good thing.
Secondly, these things take a long time (6-12 hours). It would be absurd to stand there and watch the patient for that entire time in the OR if you're not operating. You can't do anything else while you're bumming around in the OR watching the patient's temperature rise. The OR is much more expensive to use (it's $60/minute, from what I've been quoted, which is about 20x more than the ICU).
So why do an abbreviated operation to rush the patient out of theatre?
Because the patient is going to become colder, more coagulopathic, more acidemic, and you're going to get further and further behind. The more blood product you give, the farther from a physiologic state you get. Stop the bleeding, stop enteral leakage, make sure vital organs/limbs are being perfused, and get out.
You might have other trauma patients to attend to as well, and a 6 hour definitive operation would leave them unattended. The trauma surgeon may want a subspecialist to help with a complicated reconstruction as well, and you don't need to call them in at 3am.