New Clayton Hotel set to open in Dublin 2 after €11.9m deal by Dalata
Published 15/02/2016 | 07:38
Dalata, Ireland's largest hotel operator, has acquired DS Charlemont Limited, which owns the former Charlemont Clinic site in Dublin 2.
The hotel group acquired the 0.95 acre-site in an €11.9m cash deal from UK and Ireland regeneration developer, U+I.
The site fronts onto Charlemont Street and Charlemont Mall on the Grand Canal.
On January 19, Dublin City Council granted permission for a four-star, 181-bedroom hotel with a restaurant and a café or bar.
Dublin City Council also granted permission for three residential apartments and basement car parking.
Speaking about the acquisition, Dalata's deputy chief executive for business development and finance, Dermot Crowley, said the site is suited to one of the firm's Clayton Hotels.
"The Charlemont Clinic site is very well located in Dublin 2 and is ideally suited to a Clayton hotel. The Dublin hotel market is significantly undersupplied at present and we are pleased to bring these additional bedrooms to the city," Mr Crowley said.
Dalata plans to complete the planning process, enabling the construction of a new Clayton Hotel expected to be completed in the first half of 2018.
The firm expects to spend in the region of €40m, which includes the site purchase, and will create in the region of 100 new jobs when the hotel opens.
The overall investment in the project, including the site purchase, will be in excess of €40 million, creating circa 100 new employee positions when the hotel is operational.