€86 Million Spent In 2014 On Irish Hotel Investments
Published on Feb 18 2015 11:55 AM in Hotel
Figures compiled by commercial property adviser CBRE have shown that a total of €86 million was spent on Irish hotel investments last year.
AS reported in the Irish Times, a record €4.58 billion was invested in Irish income-producing assets in 2014. The majority of these, however, were sold as trading assets and not counted as investment spend.
A total of 63 hotel transactions were completed in 2014, valuing €314.2 million, in a continuing trend of hotels being sold as commercial property assets.
The growth in sales volumes as well as value suggest a busy year for the Irish hotel market in terms of sales and investments.