The hotel markethas beenn very active in the first half of 2014 according to CBRE which has released data showing hotel property sales up 175% in the first six months of 2014 compared with the same period last year. The value of sold properties was €132m — up from €48m in the opening half of 2013.
Some 27 hotel property sales have been concluded this year compared to 13 a year ago.
Hotels sold include the Hilton Hotel at Charlemont Place in Dublin for €30m; Doonbeg hotel and golf resort, Co Clare, for €15m; and the Dublin Airport Clarion Hotel for €15m. and Charleville Park and Oriel House hotels both in Cork.