Average hotel room value down 40% since peak

THE average value of a hotel room in Dublin has plunged 40% to €150,000 since the peak, which is well below the European average.

The most valuable hotels rooms at an average €569,000 are in Paris followed by London at €524,000.

Last year, hotel values fell just 5% fall in hotel values for Dublin, which was significantly lower than the 20% falls in 2009 and 2008.