More ‘for sale’ signs forecast for hotels in 2013

An increase in the number of hotels coming up for sale is set to be one of the key trends of the property sector this year, according to international commercial property consultancy CBRE.

In its outlook for the year ahead, CBRE said yesterday it expects more hotel properties to be brought to the market and some of the Nama banks to begin offloading their hotel properties.

It added that there is real potential for international investors to enter the market and buy up such properties.