Monday 24 April 2017

Gannon planning new Dublin hotel

Developer Gerry Gannon
Developer Gerry Gannon
John Mulligan

John Mulligan

Developer Gerry Gannon is seeking planning permission for a multi-million euro hotel with more than 200 bedrooms at an expanding new town in north Dublin.

The hotel planned by Mr Gannon at Clongriffin will extend over seven floors.

There has been a surge in the number of planning applications for new hotels and extensions to existing hotel properties over the past year as the capital continues to suffer from a lack of rooms.

Gannon Properties has sought permission to build a 209-bedroom hotel that will also feature a fitness centre, function rooms and other services.

It will be located close to a Dart station that was also being considered as the location of a €200m, 7km spur line to Dublin Airport.

However, the Government has already sidelined that option, favouring a metro stop at the airport instead. Last year, Irish Rail's director of infrastructure insisted that the metro might never be built and said that space should be set aside at Dublin Airport for a Dart stop instead.

The hotel planned by Mr Gannon is also set to feature 20 apartments "for short-term letting for holiday and business use", according to the application made to Dublin City Council.

Mr Gannon's €1bn Anglo loans were transferred to Nama in 2010. The agency has helped bankroll some of his latest developments.

He was also one of the so-called Maple 10, a group of investors who bought shares in Anglo Irish Bank in order to reduce Sean Quinn's stake in the doomed lender.

The bank loaned the investors the money to buy the shares.

Within the past year, a spate of applications have been made for new hotel capacity within a short radius of the planned Gannon Properties development.

In December, CG Hotels received planning permission for two expansion projects beside its Radisson Blu property at Dublin Airport that are likely to cost in the region of €60m.

The hotel operator secured permission for a six-storey extension to its existing property that will include 131 new bedrooms. It has also been given permission to build a new hotel right beside the Radisson Blu at Dublin Airport.

The DAA is seeking a development partner for a 402-bedroom hotel at Dublin Airport. The hotel will be the country's fourth-largest when it's completed and opens in 2019.

The Clongriffin development was once the focus of a legal bust-up between Mr Gannon and Superquinn. He sued the supermarket chain in 2010 after it failed to open a store there having signed a contract to do so. A receiver was appointed to Superquinn in 2011 and it was subsequently acquired by Musgrave.

Mr Gannon is involved in a number of major development projects on Dublin's northside.

Close to Clongriffin, his Gannon Homes firm has been progressing plans for a major project at a historic site that was formerly the home of Belcamp College. He's planning to build hundreds of homes there.

He is also involved in home building projects in Swords.

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