Construction BUSINESS

Plans to build €25 million “aparthotel” near Trinity College Dublin

 Breaking News
  • Plans For Revamping Disused Buildings, a New Town Square, and a Cultural Corridor Announced Re-purposing disused buildings, a revamped town square and a new cultural corridor are just three of the six projects which form part of a community-led architecture and design programme, ‘Reimagine…’, announced by the Irish Architecture Foundation. Reimagine… brings together local communities, architects, designers and planners to develop projects which will enhance the local built environment of [...]...
  • Grafton Merchanting Ireland Launches 2019 Builders’ Merchants Sales Traineeship Grafton Merchanting ROI, Ireland’s largest builders’ merchant, has announced that applicants for its 2019 Builders’ Merchants Sales Traineeship programme are now open. This is the second year of the initiative which in its first year saw 10 people (7 male, 3 female) graduate from the 26-week programme. The QQI accredited programme, is run by Grafton Merchanting [...]...
  • Affordability and Uncertainty Push Irish Property Price Inflation Lower Irish house price inflation eased further to 2.0% in June from 2.6% in July. The annual increase in June is the slowest rise in six years (since the 1.0% increase of June 2013), according to the KBC Economics Desk. While there has been a marked slowdown in the annual rate of increase in Irish property prices, it should [...]...
  • Boston Scientific’s Galway Office in Building of the Year Awards Boston Scientific’s Galway office conversion has been shortlisted in the ‘Building of the Year’ Awards in the Commercial and Building Refurbishment categories. The ‘MOD 1 Building 2’ development involved renovating and re-purposing a large 1970’s industrial warehouse into a state-of-the-art, light filled and sustainable corporate office space. “We are delighted to be shortlisted for the Building [...]...
  • Construction Activity Rises at Weakest Pace in Almost Six Years At 51.4 in July, down from 53.1 in June, the Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – signalled a modest expansion of Irish construction activity. The rate of increase was the slowest in the current 71-month sequence of growth. Commenting on the [...]...

Plans to build €25 million “aparthotel” near Trinity College Dublin

Plans to build €25 million “aparthotel” near Trinity College Dublin
December 18
11:29 2015

Irish property investment group Tetrarch Capital intends to invest €25 million in a 178-unit aparthotel on a site close to Trinity College, in Dublin, as part of a wider plan to grow its portfolio of accommodation interests here that will involve investing an additional €100 million over the next three years.

It recently acquired a half-acre site on Mark Street, less than 50 metres from the proposed new entrance to Trinity College. This will be developed as an aparthotel offering bedroom accommodation and kitchen facilities, aimed at three-to seven-night stays.

Besides, Tetrarch is also seeking planning permission to build a 158-bed hotel at Sackville Place in central Dublin.

The company has created Tetrarch Hospitality to manage its hospitality, leisure and accommodation portfolio. It has reportedly appointed Damien Gaffney as managing director, to also take on the role of chief operating officer for the wider Tetrarch Capital group. Glenn Valentine, the current general manager of Citywest Hotel in Co Dublin, has been appointed director of operations within hospitality division.

Tetrarch Hospitality will initially operate and manage properties at Mount Juliet in Kilkenny, the Citywest Hotel and the Dawson Hotel in Dublin, Killashee House Hotel in Kildare, Mount Wolseley in Carlow, Clonmel Park Hotel in Tipperary and the Jacob’s Inn hostel in Dublin.

Tetrarch Capital has about €500 million of assets under management, with 60 per cent in hospitality and accommodation. It co-owns and manages assets with a combined 2.5 million sq ft, with other investments including the Marker hotel in Dublin, and the Powerscourt Hotel in Enniskerry.

Tetrarch employs about 2,500 people across its hospitality portfolio while their combined revenues would be close to €100 million this year.

About Author

admin

admin

Related Articles

Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here



Advertisements