The Irish Independent has revealed that the owner of the Premier Inn hotel chain, Whitbread, has acquired Dublin's Twilfit House site for a figure that's understood by industry sources to be in excess of €15 million.
As reported by The Irish Independent, the group plans to construct a new 180-bedroom hotel on the site, which is Whitbread's first freehold acquisition in Dublin.
A "Significant" Step
Whitbread stated that the acquisition represents a "significant" step in its Irish expansion, with the group seeking to fulfill a requirement for 2,000-2,500 bedrooms in Dublin.
Commenting on the site, Whitbread's head of acquisitions (North & Ireland), Kevin Murray, said, "Being close to many major tourist attractions and transport links makes it an excellent location for a Premier Inn hotel and we expect it to trade very well on opening."
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.