Monday June 1, 2020

Let's set Ireland's hotels free onto the market

The priority must be to reduce the quantity of unsold hotel stock under bank control, writes Alan Ahearne.

13th October, 2012
2
Hotels in towns and villages around Ireland hold no appeal for Wall Street investment banks.

The news last March that a hotel manager in Donegal had bought the hotel at which he worked seemed to resonate with the Irish public. The Sand House Hotel had gone into liquidation in February 2009, and was up for sale at a fraction of its market value during the bubble years. Reports suggest that the new owner has turned things around and business is up at the hotel.

This hotel in Donegal is an example...

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