Dalata have acquired a hotel development site in Dublin 8 for €8.1 million. The site, located at the junction of New Street South and Kevin Street upper will see a development of 137 bedrooms, café, bar, restaurant and car park over 5 floors. Dalata, Ireland’s largest hotel group will begin construction of a Maldron Hotel in the last quarter of 2016, with the desire to have the hotel operating by mid-2018. The construction phase will cost €26million and employ 70 people.
Dermot Crowley CEO of Dalata group said it is “a very exciting opportunity for the company”. He furthered “The Dublin hotel market continues to perform very strongly in 2016, and we look forward to this Maldron Hotel contributing significantly to the Company performance in the future.