Hospitality sector has a busy year with some big sales

Irish hotels are back in business - they’ve sold like hot-cakes during 2014, with over 50 finding new owners, with €450m changing hands in the process.

Hospitality sector has a busy year with some big sales

And, with a dozen more or so late-year deals in the balance to meet a CGT tax exemption sweetener, that could rise yet to €600m by December 31.

Furthermore, tourism figures have rebounded remarkably, with overseas visitors up almost 9%, or 530,000 on last year’s levels to stand at 6.5m, and the Wild Atlantic Way is driving increasing numbers to the coastline.

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