Hotel sales top pre-recession levels as turnaround continues unabated

The market for hotel purchases has never been busier than in the first nine months of the year, as sales top even pre-recession levels, according to a new report.

The latest analysis on the sector from property advisers CBRE shows the dramatic turnaround in the market has continued unabated over the summer and is likely to be maintained in the final quarter of the year.

To date, 45 hotels have been sold in Ireland in deals worth a combined €280m; a net transaction value of €6.2m.