Ireland: Marlet Property is planning a 220-bed hotel and a 300-bed aparthotel for a Dublin site that it has just acquired for more than €20 million.
According to the Sunday Independent, the site is located at Abbey Street, close to the Jervis Shopping Centre and the Luas red line. Marlet has not yet submitted a planning application for the site, the sale of which closed earlier this week.
The hotel and aparthotel are likely to entail around €90 million of construction costs and the develop,meant will also include retail units.
Marlet, which is run by developer Pat Crean with backing from M&G, has assembled a large portfolio of development sites in the Irish capital.</p
