Dublin Set for Hotel Growth as Ireland’s Recovery Continues Reveals HVS Report

HVS | December 16, 2014

December 16 2014, London: With Dublin's economic recovery well underway the city is now offering exciting opportunities for hotel developers, particularly in the luxury and economy sectors, according to a new report from global hotel consultancy HVS London. Hotel values continue to rise in Dublin as investment gains momentum. This year saw nine hotels with a value of over €7.5 million gaining new owners compared with just two sales at that level in 2012. Furthermore, the average room value of Dublin's hotels rose by 6.6% in 2013 to €179,400 with values expected to rise further to €212,000 by 2018. Ireland's hotel sector experience...