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Irish hotel investment transactions soar above pre-Covid levels

The largest transaction was for Dublin Loft’s Hendrick in Smithfield which was bought by US investment firm TPG for around €37.5m

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Cushman & Wakefield’s chief economist Kate English

Cushman & Wakefield’s chief economist Kate English

Cushman & Wakefield’s chief economist Kate English

The Irish hotel investment market continued its strong recovery from Covid in the first quarter of 2022, with a new report revealing transaction activity in the first three months of the year was up on pre-pandemic levels.

According to commercial real estate company Cushman & Wakefield’s latest hospitality Marketbeat report for Ireland, transaction activity hit €73.1m in the first quarter of 2022. This activity level represented a “significant improvement” on the €9.8m recorded in the first quarter of last year but also showed an increase on the level recorded before the pandemic, when transactions were just shy of €60m in the first quarter of 2020.


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