Four-star hotels in Ireland will receive investment of up to €20 million in 2013 from new hotel investment vehicle iNua Hospitality. Speaking at the launch of iNua Hospitality in Cork recently, Dr Alan Ahearne, NUIG economist and author of Time to Invest: Proposals to Restore Financial Sustainability to the Irish Hotel Industry, said investment in the sector, coupled with debt restructuring, will return hotels to profitability. “There are solid investment opportunities available in this sector. With the hotel industry accounting for €1.3 billion in tax revenues, many of these hotel assets are profitable once restructuring takes place and they are decoupled from their current debt levels,” he said. With an increase in visitors forecast this year and predicted tourist spend of €3.5 billion, investment in the sector represents an excellent opportunity to profit on the future turnaround of the market. This is an extract from the Irish Building Magazine. Read the full article here.