Planning permission is being sought to develop a 38-bedroom hotel at 13 Trinity Street in Dublin 2 by a company whose majority shareholder is a US-based fund associated with Grand Coast Capital.
The Irish Times reports that the three-storey-over-basement premises was acquired last year by Torchglen, which now plans to replace the building's 240 square metre rear extension with a new eight floor extension and completely refurbish the original structure with a hotel, bar and restaurant.
GCC retains the majority ownership of Torchglen, with about a quarter of the company being owned by Bridlewood Investment Trust. 13 Trinity Street is one of several Irish properties recently acquired by GCC, along with a premises on Dame Street planned to be developed into a 39-bedroom hotel.
