Room to expand as hotel sales rise
International investors are eager for a slice of the Irish hospitality pie and room capacity is due to increase by 27 per cent over the next two years - but there are some warnings over occupancy levels
Up to €800 million worth of hotels could change hands in 2018. While this is below the record levels, it would still prove a strong year and put it well ahead of the €600 million in deals transacted last year, according to Tom Barrett of Savills’ Irish hotel and leisure division.
About half of this year’s figure could be accounted for by investment firm Apollo Global Management’s imminent purchase of Ireland’s second largest ...
