Investor interest in hotel market goes up a level

Dublin’s Morrison Hotel may be on the block with a reported offer of €68 million, while the Killaloe Hotel in Clare goes for nearly €2 million and Rosslare’s Iona Hotel fetches more than €3 million

7th March, 2021
Investor interest in hotel market goes up a level
The Morrison Hotel on Dublin’s north quays had a guide price of €80 million but it has been suggested that an offer of €68 million would be considered

The Irish hotel market is showing signs of increased investor interest, and this is reflected in properties that have recently come to the market as well as negotiations that are resuming for off-market sales.

According to John Hughes of CBRE, since the fourth quarter of 2020, and following price discounts of 15 to 20 per cent from some vendors, “there has been a discernible increase in activity from a transactional perspective. Where sellers are realistic...

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