Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Central Hotel Owners Planning To Sell The Venue Following Proposed Redevelopment

Published on Oct 12 2020 9:30 AM in Hotel tagged: Featured Post / Central Hotel

Central Hotel Owners Planning To Sell The Venue Following Proposed Redevelopment

The owners of Dublin's Central Hotel are reportedly planning to sell the venue following the completion of a planned redevelopment of the property.

The Central Hotel was acquired by London-based Deutsche Finance International (DFI) in a joint venture with Dublin-based BCP Capital during the summer of 2019.

It was reported in July of this year that the firm behind the acquisition, Exchequer Developments Limited, had applied for planning permission to expand the hotel into a 6,554 square metre, 125-bedroom venue.

According to The Business Post, new accounts for Exchequer Developments Limited have now revealed that the hotel's new owners are planning to sell property soon after the completion of the proposed redevelopment work, which is planned to commence in 2021.

Changes Necessary

However, Dublin City Council has expressed concern about a proposed replacement of a two-storey building on Dame Court with a new six-storey structure as part of the planned redevelopment, and has said that changes to the redevelopment plan are necessary if the overall plan is to be approved.

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Advertising
Share on Facebook Share on Twitter Share on LinkedIn Share via Email