Five hotel sales in the first quarter point to increased activity in Ireland

Five hotels sold for a combined €13.5m

Kenmare Hotelier John Brennan purchased the Landsdowne Hotel which is opposite his Park Hotel in Kenmare. Picture: Don MacMonagle

Five hotels were sold in Ireland in the first three months resulting in a notable increase in activity in the sector according to property analysts CBRE.

The Blarney Hotel & Golf Resort and Liss Ard Estate in Cork; the Killaloe Hotel in Clare; the Lansdowne Arms Hotel in Kerry and the Iona Hotel in Rosslare, Co. Wexford achieved a sale price of more than €13.5m between them. The five sales compared to just 10 sales for the whole of 2020.