Joe Costello (Dublin Central, Labour)
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Question 114: To ask the Minister for Finance the number of hotels whose loans have been transferred to the National Asset Management Agency; the number of bedrooms in those hotels; the number of those hotels which are open for business; and if he will make a statement on the matter. [13547/11]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by NAMA that it has acquired loans secured by some 83 hotels located within the State, of which 78 are open for business. The total number of rooms in the 83 hotels is estimated to be of the order of 8,500. I am further informed by NAMA that it will be developing a comprehensive strategy to deal with the hotels that are within its portfolio. NAMA has acknowledged that there are hotels that have been built with the wrong grading and in the wrong location. Ultimately, the long-term future of those hotels may not be as hotels and alternative uses will have to be found for them.