Figures
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’