Investors pump €230m into hotel sector
The hotel market is seeing competition increase between international and domestic investors, writes Donal Buckley.
As two Irish hotel operations signalled major fundraising plans in recent days, it looks like international buyers and funds will face stiffer local competition when bidding begins for more valuable hotels which are expected to come to the market this year.
Last Wednesday, Dalata Group floated on the Irish stock market and signalled it had raised €250 million for hotel acquisitions. Chief executive Pat McCann also pointed out that its shareholders now include international investment...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine