Hotel property market thrives against the odds

In spite of various external crises, hospitality real estate is still briskly changing hands at healthy prices and being developed

Ballymascanlon House Hotel: sold for a reported €15 million

While tourism is suffering from the combination of the prolonged Covid-19 pandemic and the effects of the Ukrainian war on market uncertainty and travel costs, property agents are confident that the market for hotel properties is holding up.

They are taking encouragement from the latest figures from the Irish Tourism Industry Confederation (ITIC) which shows occupancy levels of 57 per cent in Dublin hotels in the relatively quiet month of February compared to 15 per ...