Commercial Property

Analysis: Why investors are ferociously fighting it out to buy Ireland’s luxury hotels

Investors clearly see five-star hotels as safe bets, even in the face of rampant global inflation

The Shelbourne Hotel in Dublin was recently sold for a reported €230 million. Picture: Fergal Phillips

On Wednesday, the four-star Slieve Russell hotel in Co Cavan - once the jewel in the crown of the Seán Quinn business empire - was put up for sale at a guiding price of €35 million, becoming the latest in a surprising number of luxury destinations to enter the market.

Why are these locations trading hands, you might wonder. The reason is actually somewhat simple.

Since the beginning of 2022, as the world has emerged ...