Nama primed to sell off American and British hotels

The board of the National Asset Management Agency (Nama) has approved a hotel strategy that will see the state agency offload its portfolio of hotels in the US and Britain.

Ian Kehoe - avatar

Ian Kehoe

9th June, 2012

The board of the National Asset Management Agency (Nama) has approved a hotel strategy that will see the state agency offload its portfolio of hotels in the United States and Britain in the short term.

However, Nama will wait for an upturn in the Irish markets before attempting to sell the majority of the hotels that it banks here.

Instead, the agency intends to "protect the recoverable value of Irish hotels" until the market lifts,...

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