iNua Hospitality chief operating officer Sean O'Driscoll has said that the group is keen to acquire more properties this year, following its acquisition of Co. Offaly's four-star Tullamore Court Hotel in January.
"Scope To Grow"
Speaking to The Sunday Business Post, O'Driscoll said, "We don't have a set figure in terms of the eventual number of properties we want to own, but we absolutely think we have scope to grow. We feel we have more to do in the west and east of the country, for example.
"We look for hotels with stable histories which are well regarded in their communities, and which have a diverse business base. During the Celtic Tiger, there were a lot of hotels built to serve just one market, be it golf, spa or business, but no thought was given to what would happen if that one sector wobbled. That is something we have to be careful to avoid."
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O'Driscoll added that iNua's "focus in terms of acquisitions is regional Ireland", rather than Dublin. However, he said that the group would be looking at leasing and management opportunities in the capital.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.