How has the hotel sector bounced back with a vengeance?
Just five short years ago, the Irish market was full of zombie hotels, writes Ian Kehoe
The hotel industry was an embodiment of Ireland’s economic demise. There were too many hotels and too few customers. Room rates were on the floor, and debt levels were unsustainable. Five years ago, one in six Irish hotel rooms operated under the direct control of a bank, while hundreds of properties teetered on the edge.
The hotel market in 2012 was so bad that even Nama, the agency established to offload toxic assets,...
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