Red Carnation Hotels Pays €20m For Former Student Accommodation
Plans to redevelop the former university residence hall on Dublin's Hatch Street into a five-star boutique hotel have reportedly moved a step closer to completion.
According to The Irish Times, the site in Dublin 2 was acquired by Red Carnation Hotels, which also owns Ashford Castle, for over €20 million.
The property was originally built to house students attending UCD's original campus at nearby Earlsfort Terrace.
It was acquired in 2004 with the intention of being transformed into a hotel, but the plan was refused by An Bord Pleanála.
The site was then set up to house asylum seekers for the Department of Justice under the terms of the direct provision system.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Aidan O'Sullivan. Click subscribe to sign up for the Hospitality Ireland print edition.