CBRE Hotels Irish Transaction Figures Q1

More Irish Hotels Sold in Q1 2015 Than During the Entire Year Last Year

25 hotel properties changed hands during the first 3 months of 2015

Dublin, 31st March 2015 – Commercial property consultants CBRE today released statistics on the volume of hotel sales achieved in Ireland in the first three months of 2015. According to CBRE, Q1 2015 saw the highest quarterly volume of hotel sales ever achieved in Ireland with 25 individual properties totall​ing over half a billion euro between them trading in 17 individual transactions in the quarter.  

 

Irish Hotel Sales 2007 - 2015 (Q1) - Source: CBRE 


According to Paul Collins, Executive Director at the Hotel & Licensed division of CBRE, “64 hotel sales concluded in Ireland in 2014, totalling over €422.5 million, compared to 33 hotel sales totalling €160 million in 2013. It is phenomenal to consider that as a result of continued deleveraging efforts, the volume of Irish hotel sales concluded in the first three months of 2015 totalled more than €500 million. We expect 2015 to be the busiest year on record for hotel transactions in Ireland.”

A number of notable hotel sales are still underway including The Crystal Collection, 7 Irish hotel properties with a combined 835 bedrooms, which CBRE are currently selling, suggesting strong transaction volumes will be maintained over the next couple of months.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com 

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 130 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, valuations and research. Please visit our website at www.cbre.ie  or www.cbre.ie/ni.