Irish Hotel Market Q2 2023

Hotel Trading Performance Remains Strong; Deal Flow Subdued But Gathering Pace

July 4, 2023 10 Minute Read


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  • Transactional activity in the hotel sector picked up in Q2 following a slow Q1
  • A total of €91 million worth of Irish hotel transactions were completed in Q2
  • Private investors, family offices and hotel groups dominated transactional activity
  • Occupancy levels in Dublin are 78% this year to the end of May
  • Concerns have been raised regarding the impact of a recent policy implemented as part of the DCDP 2022-28
  • Yields for prime Dublin (leased) hotels are now 4.50% and trending ‘weaker’