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Banking on a hotel boom
29/05/2007
Solicitors could see more people looking to seal deals on buying hotels in the near future, as the Ulster Bank has predicted a major boom in the tourism industry in Northern Ireland.
Ulster Bank has lent £30 million to hoteliers in the last year alone and due to the new political settlement, the bank is predicting a continued upturn in tourism in Northern Ireland.
New developments in Banbridge, Antrim and County Fermanagh are already planned.
Business banking manager Shauna Burns said: "The local hotel industry is preparing itself for the likely knock-on effect of greater numbers of tourists and a greater share of the UK's lucrative conference industry with plans by hoteliers to enhance and extend their offering."
Ms Burns added: "The local hotel sector has been rejuvenated in recent years as Northern Ireland's reputation as a tourist and investment destination has been enhanced by greater social stability.
"National and international media interest in recent political developments and in our increasingly buoyant economy and housing market has further elevated Northern Ireland's image as a vibrant and dynamic place to visit."
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Ulster Bank has lent £30 million to hoteliers in the last year alone and due to the new political settlement, the bank is predicting a continued upturn in tourism in Northern Ireland.
New developments in Banbridge, Antrim and County Fermanagh are already planned.
Business banking manager Shauna Burns said: "The local hotel industry is preparing itself for the likely knock-on effect of greater numbers of tourists and a greater share of the UK's lucrative conference industry with plans by hoteliers to enhance and extend their offering."
Ms Burns added: "The local hotel sector has been rejuvenated in recent years as Northern Ireland's reputation as a tourist and investment destination has been enhanced by greater social stability.
"National and international media interest in recent political developments and in our increasingly buoyant economy and housing market has further elevated Northern Ireland's image as a vibrant and dynamic place to visit."
Contact us for legal advice
