easyHotel will open first ROI venue in Dublin site acquisition
Budget hotel operator easyHotel has acquired a freehold site for €9m in Dublin city centre.
The site in Dublin 7 will be developed into the first easyHotel in the Republic.
Currently the site has planning permission for a 96-bedroom hotel. However, the group believes there is potential to extend the development further to a 130-bedroom hotel, and it is to apply to vary the existing planning permission accordingly.
A total of €18m (£16m) is expected to be spent on the investment, which will be funded using cash from the group's balance sheet, together with local debt financing, a statement from the company said.
Guy Parsons, chief executive of easyHotel, said it was "delighted" to have secured the site.
Meanwhile, the opening of an easyHotel in Belfast's Howard Street has been delayed by a wrangle over room size.