Figures from accountancy and business advisory firm Crowe Horwath show that room rates in Dublin hotels have hit a record high, with the average rising 15 per cent last year to €128.
The previous record of €121 was set at the height of the boom in 2006. The national average room rate in 2016 was €104.
Since then, foreign investors have snapped up hundreds of hotels from vulture funds and from banks. Savills Ireland, the property consultants, estimate...
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