Monday May 25, 2020

Consolidation sweeps hotel sector

Choice Hotels is on the market for €150 million and more hotels are likely to follow, writes Ian Kehoe.

5th May, 2007

Choice Hotels is on the market for €150 million and more hotels are likely to follow, writes Ian Kehoe.

Just over two weeks ago, a leading Dublin funder placed a call to the Cork headquarters of Choice Hotels, the largest hotel operator in the country.

The purpose of the call was simple: the financier was keen to buy the group and wanted to know if its owners were prepared to cut a deal. The call...

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