Dalata To Build New €40m Hotel In Dublin
The country's largest hotel operator Dalata has unveiled plans to build a new 181-bedroom hotel on a site it recently acquired in Dublin 2.
The company has paid €11.9m for the 0.95 acre site of the former Charlemont Clinic on the Grand Canal, where it intends to build the new 4-star hotel with restaurant, café/bar and business facilities at a cost of an estimated €40 million.
Dalata said it plans to complete the planning process, enabling the construction of a new Clayton Hotel expected to be completed in the first half of 2018, creating 100 new jobs when the hotel is operation, said the company.
Dermot Crowley, Deputy CEO Business Development and Finance, said: "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."
Last month, Dalata made a major play in the hotel market by securing leasehold interest of four hotels for an enterprise value of €40 million. The four hotels are the Gibson Hotel Dublin, the Croydon Park Hotel in Croydon, London, and the Clarion Hotel Cork and the Clarion Hotel Limerick.