It was announced today that four hundred new jobs are to be created at Dublin Airport with the opening of a new terminal-linked four star hotel which is to be built adjacent to Terminal 2.
The new hotel will provide employment for 250 people while an additional 150 new jobs will be generated during the construction phase of the project. The new 402 bedroom property will be Ireland’s fourth largest hotel upon completion.
It will have a total floor area of 22,840 square metres comprising 402 bedrooms as well as an extensive bar, restaurant, café and conference facilities. It will occupy a prime 0.81 acre site between Terminal 2 and the T2 multi-storey car park – and will be located just 95 metres from Terminal 2.
DAA have appointed Savills Hotels & Leisure to seek expressions of interest for the development and operation of the new hotel, which will be developed under a Finance, Build Operate and Transfer (FBOT) model. The successful bidder will construct the hotel and operate it for a specified period of time before transferring it back to DAA at the end of the agreed term.
Planning permission for the 11-storey hotel has already been granted. Construction is expected to begin next October and the property will open in 2019.
Savills Ireland Director of Hotels & Leisure, Tom Barrett said that there was likely to be significant market demand for the new Dublin Airport hotel development.
"This is a hugely exciting project," he said. "If this hotel was trading today, it would be one of the strongest performing hotels in Ireland. Given the unique high profile location and the quality of the offering we anticipate strong interest from developers, investors, hoteliers and brands.”
Source: www.businessworld.ie
