Working with Bain Capital Credit, Whitbread has acquired a site at Newmarket Square in Dublin 8 on which it is planning to develop a new 151-bedroom Premier Inn hotel.
“A Significant Landmark”
Head of Acquisitions for Premier Inn in Ireland Kevin Murray stated, “Securing the Newmarket site and reaching over 1,000 bedrooms in the pipeline is a significant landmark for us as we aim to be the number one budget hotel chain in Ireland. The site is within an exciting regeneration area and we’re confident it will trade strongly being right across the street from the Teeling Whiskey Distillery and within walking distance of the Guinness Storehouse, St Patrick’s Cathedral and Christchurch.”
“Very Pleased”
Meanwhile, Bain Capital Credit managing director David Cullen commented, “We are very pleased to be partnering with Whitbread to bring a 151-bedroom Premier Inn hotel on stream at Newmarket Square in what is a historic and regenerated part of Dublin. As a multi-sector investor deploying capital efficiently and at scale, we fundamentally believe in the potential of the Irish hotel real estate market and in the inherent sustainability of Dublin’s thriving tourist economy.”
News by Hospitality Ireland, edited by Career Vision Recruiters
Stay up to date
Latest News
-
Retention of 9% VAT rate “crucial” to tourism industry
Dublin’s Ashling Hotel has welcomed the Government announcement that the 9% VAT rate will be retained for a further six…
7 March, 2023
-
The Old Punch Bowl Of Dublin Hits The Market
The Old Punch Bowl of 116 Rock Road, 1 Booterstown Avenue, Booterstown, Co. Dublin, has hit the market. Details…
7 March, 2023
-
Bar Sales Increased Year On Year In January
According to the Retail Sales Index January 2023 (Provisional) and December 2022 (Final) report from the Central Statistics Office (CSO),…
7 March, 2023
-
Ireland’s First ‘World French Restaurant’ Awarded To Chez Max
Chez Max, Dublin’s answer to a traditional French bistrot, and Chez Max Café became Ireland’s first restaurant to be awarded…
7 March, 2023
-
The Dean Expands Its Dublin Footprint With The Dean Townhouse
Following the launch of The Dean hotels on Dublin’s Harcourt Street and in Cork and Galway, a new extension of…
7 March, 2023
-
Dublin Airport’s Passenger Traffic Increased Year On Year In February
The number of people who passed through Dublin Airport increased by 3% in February 2023 compared to pre-COVID-19 pandemic February…
7 March, 2023
-
Dalata Hotel Group plc has announced that it has acquired a 192-bedroom hotel at 240 Seven Sisters Road, Finsbury Park,…
7 March, 2023