Dublin Airport will open a new terminal-linked four star hotel, 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.
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.
The new hotel will have a total floor area of 22,840m² comprising 402 bedrooms, as well as extensive bar, restaurant, café and conference facilities and a fitness suite. 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 has appointed property consultants 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.
“There is significant demand for a new terminal-linked hotel at Dublin Airport and this development will benefit not just the airport but the city and region as a whole as Dublin needs more hotel beds,” said Dublin Airport Managing Director Vincent Harrison. “It will also provide employment for 250 people, as well as a further 150 construction jobs during the building programme, which is expected to last about 18 months,” Mr Harrison added.
Airport terminal-linked hotels significantly outperform non terminal-linked airport properties in both room rates and occupancy levels.
Dublin Airport set a new record for passenger numbers last year when it welcomed more than 25 million people. Traffic has increased by a further 12% this year and Dublin Airport is currently the fastest growing major airport in Europe.
The airport directly supports almost 15,000 jobs on campus and a total of 97,400 jobs in the wider Irish economy. It is worth €6.6 billion to the Irish economy and is the single biggest generator of economic activity in the State.
