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Gresham adding another 23 rooms

DUBLIN'S landmark hotel, The Gresham, is planning a further expansion after it opened Ireland's largest ever penthouse suite last year.

The hotel, which was built in 1817 on O'Connell Street, will add 23 rooms to its existing 291. It is converting office space and a gym already in the building.

The news comes after it emerged that hotel deals worth a combined €85m were made in the first three months of 2014, according to property firm Savills – a 150pc increase on the value of hotel properties sold in the same period in 2013.

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"It has been a solid start to the year for the Irish hotel property market," said Savills head of hotels Tom Barrett.

"Based on the first three months and our visibility of what is coming to market, we expect sales to exceed €300m this year," Mr Barrett added.

Last year after the O'Connell Street landmark had completed its five-bedroom suite, General Manager Paul McCracken said that, "the addition of the Eisenhower Penthouse suite marks another milestone for the Gresham Hotel and completes a multi-million euro refurbishment programme".

This expansion of the iconic hotel comes after it was announced in March that Dublin was to be the star performer in the European hotel sector for 2014.

The expansion comes on the back of the hugely successful Gathering which saw the number of tourists visiting Ireland increase by 7pc last year, the highest records since the economic crash.

Last December it was announced that we had seen approximately 7.5m visitors flock to Irish shores in 2014 and The Gresham's expansion means that the demand for beds has increased too.

The Irish Tourist Industry Confederation chief Eamonn McKeon said "all the lights are green for go" for Ireland for 2014.

HNEWS@HERALD.IE


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