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Irish Hotel Market

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Irish Hotel Market

Following several years of inactivity the hotel transaction market in Ireland improved dramatically in 2012 and this trend continued into 2013 with a number of landmark sales taking place. 21 hotels are sold/sale agreed to date in 2013, totalling approx. €170m. This level of activity is set to continue for the remainder of 2013 with over €300m of transactions expected to take place. Transactional activity should be strengthened by the expiry of the Hotel Capital Allowances granted in 2005/06 and the limited remaining window to avail of the capital gains tax waiver which runs out on 31st December 2013.

Source : Savills

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