Despite the work undertaken by the Authority in 2010/2011, it is claimed the Authority was not forthcoming on the range of costs it took into account when assessing the profitability of hotels, and suspicions seem to have lingered that some costs were excluded from the Authority’s analysis. Two such costs include local authority business rates and payments to banks for loans which may be for working capital or for building programmes like extensions or for capital purchases.
That's the crux of the problem that is NAMA.
Hotels that made bad mistakes are being kept alive via NAMA at the cost of hotels that didn't make mistakes.
Good business people will be put out of business as a direct consequence of NAMA's moral hazard influence.
Similar occurances happen in residential, such as AIB not dealing with their 31.7% arrears in BTLs in a manner akin to any normal bankrupcy scenario.
We will all end up paying far more because of NAMA than any final figure will suggest.