IRELAND’S LARGEST HOTEL group has announced plans to build a new 137-bedroom hotel near St. Patrick’s Cathedral in Dublin.
Dalata Hotel Group says that it has paid €8.1 million for the city centre site that is located at the junction of Kevin Street Upper and New Street South.
Planning permission for a hotel on the site was already granted by An Bord Pleanála late last year and Dalata says construction will begin in the final quarter of this year.
The site itself is located about 600m west of St. Stephen’s Green and just one block south of St. Patrick’s Cathedral.
As well as the 137 bedrooms, it’s planned that the five-floor Maldron Hotel will also have a small basement car park and a café bar and restaurant.
Dalata says that it’s aiming for the hotel to be up and running by the middle of 2018 after about €26 million is spent on construction.
The group says that about 70 people will be employed at the hotel when it’s open with deputy CEO Dermot Crowley describing it as “a very exciting opportunity for the company”.
In the last eight months, Dalata has spent €215 million acquiring six hotels with a combined 1,092 bedrooms and purchasing four development sites providing an additional 654 rooms by the end of 2018.
The most recent announcement saw the group pledging €40 million for a four-star hotel, not far from this new site, on Charlemont Street.
Market analysts at Davy say that Dalata has an estimated €45 million left to spend on acquisitions and will do so by the end of this year.
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