Nama will have role in hotel industry

The National Asset Management Agency (Nama) is to commission a detailed assessment of the Irish hotel market in an effort to decide how to manage the hotel and leisure-related loans that are transferred to the agency.

31st October, 2009

The National Asset Management Agency (Nama) is to commission a detailed assessment of the Irish hotel market in an effort to decide how to manage the hotel and leisure-related loans that are transferred to the agency.

The government expects a significant number of loans secured against hotels will be taken over by Nama in the coming months, given the surge in the number of new hotels built in the past 15 years. The Nama review...

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