Getting hotter in the city

Nothing is predictable in the property market right now - not least in the hotel sector, which is so buoyant that sales predictions of about €350 million for 2014 have already been blown away.

17th August, 2014
The Hilton Hotel, Charlemont Place, Dublin

The latest forecast, released by Jones Lang LaSalle (JLL), suggests that Irish hotel sales (across assets and loans) could exceed Euro 1 billion this year, echoing Celtic tiger-era transactions but with a whole new set of players. To put it into perspective, hotel sales last year totalled €250 million. In 2012, they totalled €140 million.

Inevitably, many of the hotels and resorts bulking up this year's accelerating tally are distressed assets. Many more are expected to hit...

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