Five years ago, I wrote a lengthy feature on the calamitous state of the Irish hotel industry entitled ‘Heartbreak hotels’. At the time, Ireland was littered with half-empty hotels, built at huge expense courtesy of huge debt and generous tax breaks. It was all very nouveau riche: per head of population, our developers built the greatest stock of four- and five-star hotels in the world.
In 2013, there were 12 hotels in the...
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