Seven Irish hotel deals worth a combined €82.75 million were reported in the first half of 2026, down from around €340 million in the same period last year, according to Deloitte’s latest Crane Survey.
The slowdown follows two years of record transaction activity. Hotel construction remained strong, however, with 3,540 rooms under construction across the Republic at the end of September. Dublin accounted for just under 2,800 of those rooms, or 79% of the total.
Deloitte expects 2,080 hotel rooms to be added to the market in 2026, with 1,250 due for completion in the final quarter alone. That includes 470 rooms at the Courtyard by Marriott development on Dublin’s Abbey Street.
More than 2,020 rooms are expected to come to market in 2027, with a further 250 currently due for completion in 2028. Deloitte expects the 2028 figure to rise as more projects get under way next year.
A further 11,550 hotel rooms have secured planning permission, with Dublin accounting for 72% of that total. Planning applications have been submitted for just under 1,200 more rooms nationwide.
Office conversions continue to form part of Dublin’s hotel pipeline. Among the projects identified by Deloitte is the conversion of 93 St Stephen’s Green into a 131-bedroom hotel.
