Irish hotel deals for Q1 2016 reach €47M

Gresham Dublin

The first quarter of 2016 is drawing to a close, and it already looks good for Ireland's hotels. A new report from property agent CBRE found that 14 Irish hotel deals reached a total value of €47 million in the first three months of the year alone.

While the value may seem relatively small considering an estimated €710 million worth of hotel property was bought and sold last year, the Irish Independent notes that there are still several major deals set to close this year. The Gresham Hotel and Lyrath Estate in Kilkenny could attract more than €100 million between them. The 2015 figures also included two hotel portfolios, with no portfolios expected this year.

CBRE Hotels' Lisa Keogh said that the leasehold interests in three other hotel properties changed hands in the quarter. CBRE Ireland's head of research Marie Hunt pointed out that "only two of the 14 hotel properties that sold in Ireland during the last three-month period were located in Dublin, demonstrating the strength of appetite for well-located properties throughout the country."

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Irish hotels that sold during the first quarter of 2016 included The Tara Towers Hotel on Dublin's Merrion Road; the Clarion Hotel, Sligo; the Abberley Court Hotel in Tallaght and the Waterford Marina Hotel.

Source: Irish Independent

Read more on

Suggested Articles

Oxford Capital Group’s wholly owned affiliate, Oxford Hotels & Resorts, has taken over management of the properties.

The partnership with Black Salmon leverages both company's strengths across acquisitions, asset management and capital raising.

A new entity will combine a number of brands, including Hoxton, Gleneagles, Delano, SLS, Mondrian, SO/, Hyde, Mama Shelter, 25h and 21c Museum Hotels.