Dalata Hotel Group has announced it is developing a new hotel and adjoining residential complex at the Tara Towers site in Dublin 4, with demolition of the existing hotel due to commence shortly.
In July 2017, Dalata announced plans for the redevelopment of the site to include a four-star Maldron hotel. The 1.46 acre site was acquired by the company in January 2016 for €13.155 million, and the Tara Towers hotel was subsequently operated by Dalata until September 30, 2018.
140-Bedroom Hotel
The new development will be comprised of the aforementioned four-star Maldron hotel, 69 residential units and a basement car park. The hotel will feature 140 bedrooms, four meeting rooms, a bar and a restaurant. McAleer and Rushe have been appointed as the project's contractors and the overall estimated development cost is €51 million.
"A Very Exciting Transaction"
Dermot Crowley, Dalata deputy CEO - business development and finance, commented, "This is a very exciting transaction for us as it will deliver a brand new custom-built 140-bedroom Maldron Hotel in a location that we are very familiar with, having operated the Tara Towers Hotel since early 2016. We are delighted to have secured a high quality reputable residential partner in IRES and we look forward to McAleer & Rushe completing the hotel and residential scheme over a two year build period."
© 2018 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
