Irish Hotel Sales Surge Towards €1 Billion Mark in 2024
Ireland’s hotel market is witnessing a remarkable boom, with sales anticipated to exceed €1 billion for the first time in nearly a decade. High-profile transactions, including the sale of the five-star Shelbourne Hotel for €260 million and the Dean Hotel Group for over €350 million, are driving this surge. Industry experts attribute this growth to strong demand from both Irish and international buyers, a thriving luxury segment, and the resilience of hotels compared to other commercial properties. The positive trajectory is expected to continue into 2025.