Whitbread, one of the UK’s largest hotel
businesses, has secured its fourth location in
Dublin city centre.
The prime site on Gloucester Street in Dublin 2 will be redeveloped into an 108-bedroom Premier Inn hotel,
increasing Premier Inn’s secured development pipeline in the city
to more than 630 bedrooms, and 830 hotel rooms across Ireland.
Premier Inn is expanding rapidly into Ireland as
it grows its presence from a single trading hotel at Dublin
Airport to 2,500 rooms in Dublin, with the potential for
significant growth nationwide.
Head of Acquisitions for Premier Inn in Ireland, said, “Our
ambition is for Premier Inn to be the number one budget hotel
chain in Dublin and across Ireland. We are investing strategically
to secure the top locations that Premier Inn is known for and
Gloucester Street, with its proximity to Trinity College and the
south Docklands corporate market, is exactly the type of location
we are looking for. Securing the site is another important
milestone for us and we’re actively seeking new freehold and
leasehold opportunities across the city as we work towards our
target of 2,500 Premier Inn Dublin bedrooms.”
After signalling its intent to expand into the
Irish market in 2018, Whitbread has secured 635 Premier Inn rooms
in Dublin city centre in four locations – at South Great George’s
Street, Jervis Street, Castleforbes Business Park and now
Gloucester Street. The hotels developments, which are a mixture of
freehold and leasehold acquisitions, are planned to open from
early 2021 onwards.
Premier Inn has also recently secured its first
location in Cork, an 183-bedroom hotel as part of the Morrisons
Quay regeneration scheme on the banks of the River Lee, which is
due to open in 2023.
Premier Inn is looking for more hotels in other
cities across Ireland including Galway, Limerick and Killarney.
Dan O’Connor, Executive Vice President of Hotels
and Hospitality at JLL, who has been working with Whitbread on its
expansion in Ireland, said, “We are delighted to once more advise
Whitbread on another pre-let deal, this time in core Dublin 2 and
on a rare south docklands site. The site is conveniently located
amongst leading office schemes, including Georges Quay, Georges
Court and Riverview House and is just minutes’ walk from Dublin’s
IFSC. By year end, we expect to have secured over 800 new Premier
Inn rooms in the capital and over 1,000 new rooms nationwide.”