Galway's four-star The Westwood Hotel has been sold for an undisclosed fee to student accommodation company Ziggurat, which plans to redevelop the property to host 400 bedrooms, with the work to be completed by summer 2018.
Ziggurat, who are part of property asset management firm Atelier, commented: "The ongoing operation of The Westwood Hotel provides total reassurance for guests, staff and suppliers for what is forecast to be a very busy year. A plan is in place for an orderly and planned transition which will take place in early 2018."
Speaking to fora.ie previously, Atelier’s CEO Matthew McAdden said the company is looking to develop 4,000 new student units across Dublin, Cork and Galway as well as managing an additional 4,000 which would be built by other companies.
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Ziggurat currently has locations in Edinburgh, Cork and Dublin, with the latter costing from €260 per week for a room. The company also recently announced plans to develop a 380-bedroom building in Dublin's north inner city and a 420-bedroom one adjacent to DIT Grangegorman campus.