2016 was a record year for the Irish hotel market. Over €720 million worth of hotels transacted in the twelve-month period, across 51 hotels.
The year finished with a robust final quarter, boosted by some well-known, big ticket transactions. Activity totalled €429 million in the three months to December and accounted for 60% of total activity in the year.
The most signifi cant sale of the year was the 4 star DoubleTree by Hilton (formerly the Burlington Hotel), in Dublin 4, purchased by German asset manager, DekaBank, for approximately €182 million.
Source : Cushman & Wakefield