A total of 14 hotels, worth over than €47m, has been sold in Ireland during the first three months of this year.
New figures from commercial property consultants CBRE Ireland also show that leasehold interests in three other hotel properties changed hands in the quarter.
This followed what the consultants called an "exceptionally busy year" in 2015 during which 63 hotels changed hands in the Irish market. The deals totalled €710m.
Marie Hunt, executive director and Head of Research at CBRE Ireland, said it was interesting to note that only two of the 14 hotel properties that sold in Ireland during the first quarter of the year were located in Dublin.
She said this demonstrated the strength of appetite for well-located properties throughout the country.
Hotels that sold during the first quarter of 2016 included the Clarion Hotel in Sligo; the Abberley Court Hotel in Tallaght, Dublin 24, the Tara Towers Hotel in Dublin and the Waterford Marina Hotel in Waterford.
