Friday September 25, 2020

Nama gearing up to sell portfolio of hotels

Agency plans to shift €250m worth of property each quarter

11th May, 2014
John Moran, secretary general of the Department of Finance, speaking at The Sunday Business Post Corporate Turnaround Conference. Picture: Clodagh Kilcoyne

Nama, the state’s bad bank, intends to put a portfolio of hotels up for sale in the coming weeks, as the agency seeks to capitalise on the frenzied investor demand for distressed Irish assets.

Brendan McDonagh, the chief executive of Nama, said the hotel portfolio formed part of a Nama strategy to bring €250 million worth of fresh product to the market each quarter to satisfy investor appetite.

McDonagh was speaking at The...

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