Nama takes over loans of 35 Irish hotels

Nama takes over loans of 35 Irish hotels
Nama HQ

A total of 35 loans related to Irish-based hotels have been taken over by the National Assets Management Agency (Nama), it was announced today.

Tourism Minister Mary Hanafin told the Dáil today that she has met Nama for discussions about the sector, but not in relation to any individual loan or borrower.

She has been given assurances that there will not be a firesale of hotel properties and that Nama will not allow non-viable hotels continue to squeeze out other operators.

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