Sunday 30 April 2017

Ten storey 427-bedroom hotel for Dublin Airport gets yes to lift off

Terminal 2 at Dublin Airport
Terminal 2 at Dublin Airport
John Mulligan

John Mulligan

A COMPANY controlled by London-based hoteliers has been granted permission for a 10-storey, 427-bedroom hotel near Dublin Airport.

It will be one of the country's biggest hotels when it's built.

Carra Shore (Dublin) has secured permission from Fingal County Council for the project, which is likely to cost tens of millions of euro.

Located in Clonshaugh, it will be just a short drive from the airport and close to a burgeoning network of new hotels and hotel extensions that are springing up to cope with growing demand as the number of passengers using the airport soars.

Last year, the airport handled close to 28 million passengers and this year the number will edge towards 30 million.

Carra Shore is controlled by backers including Jalaluddin Kajani and other family members.

They also own upmarket boutique hotels in London and have been advancing other hotel projects in Ireland. Mr Kajani moved to Ireland from Pakistan in 1980.

In December 2012, Mr Kajani secured a limited injunction to prevent Irish Bank Resolution Corporation, previously Anglo, or receivers from Allsop appointed by the bank, from selling any of his assets, including two London hotels, in order to pay off a €21m debt.

Mr Kajani claimed that in 2007 and 2008 he had been put under duress by Anglo to accept what he said were unsuitable terms for refinancing that caused his company to default on repayments.

The firm behind the London properties, whose development had been funded by Anglo, satisfied a number of outstanding mortgages owned to Anglo in 2013.

That same year, the Kajani family emerged as the buyers of Findlater House on Dublin's O'Connell Street, which was bought from Nama for €6m.

Planning permission was secured in 2014 to convert it to a 198-bedroom hotel. It opened last year as a Holiday Inn Express.

The Kajanis' planned new hotel at Clonshaugh is beside the 467-bedroom Dalata Clayton Dublin Airport hotel. Construction of a 140-bedroom extension to that Clayton property is due to begin next month.

Irish Independent

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