Targeted Investment Opportunities has revealed plans to construct a new hotel and office development in close proximity to Dublin's 3 Arena at 91-94 North Wall Quay.
As reported by The Irish Independent, the proposed venue is also close to the Gibson Hotel, which recently went on the market for €87 million, and will include a 12,356 square metre hotel and 25,397 square metres of office space. Construction is expected to be completed by the spring of 2019.
This is just one of several accommodation developments taking place in the area extending from O'Connell Street to the Point Village, with Johnny Ronan's Spencer Place Development Company having just been given the green light to create a mixed-used development at the site of North Wall's former British Rail hotel. The project will encompass a 212-bedroom hotel, 46,184 square metres of office space and 873 square metres of retail and restaurant facilities.
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Meanwhile, a 58-bedroom hotel at 81-82 North Wall Quay currently being built by the Oakmount Group is due to open for business in the summer of 2019, and it's being reported that CBRE Hotels has agreed the sale of the 428 bed space Jacobs Inn Hostel on Talbot space, which originally went on the market in June of this year.