Castlemartyr Resort Hotel sales bed down

AFTER a market revival in 2012 and 2013, 60 Irish hotels sold in 2014 for a total of €440m, double that of the prior year.

In early 2015, two large hotel deals were completed, totalling 9,000 bedrooms across Ireland & the UK: Lone Star purchased the Jurys Inn Group of 31 hotels for €900m.

Six of these are in Ireland, including one in Belfast, with the balance mainly in the UK, where three London properties trade under Hilton brands. The average price per bedroom, for the 31 freehold and leasehold hotels, was €120,000.