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November 24 2017 2:30 AM
Hotel owner and operator Tifco is planning a multi-million euro extension of its Crowne Plaza property near Dublin Airport. It intends to add 60 new bedrooms in a five-storey extension.
It's the latest in a string of extension projects by hotel owners and operators in the capital seeking to cash in on strong occupancy figures and high room rates.
In particular, owners of hotels close to the airport have been active in the past couple of years in adding new rooms to properties.
Tifco, which owns and operates close to 30 hotels in Ireland, is the country's second-largest hotel group after Dalata.
Last year, it also took over the company that operates the Travelodge franchise here. The hotel group is backed by Goldman Sachs and is partly owned by Aidan Crowe and DID owner Gerry Houlihan.
Last September, it was reported that Goldman Sachs was considering a possible sale of Tifco, in which it has a majority stake. It secured that stake following a renegotiation of Tifco's bank facilities in 2014.
The hotel group's plans for its Crowne Plaza hotel near Dublin Airport would see the number of bedrooms at the property increased to 269.
The planned extension also comes just months after Tifco sought permission to almost double the size of its Holiday Inn Express property at Dublin Airport.
That project would see the Holiday Inn hotel expand by 100 bedrooms to 214.
Dalata is building a 140-bedroom extension to its Clayton hotel near Dublin Airport. It already has 467 bedrooms. Last December, CG Hotels received planning permission for two expansion projects beside its Radisson Blu property at Dublin Airport. These are likely to cost in the region of €60m.
The hotel operator secured permission for a six-storey extension that will include 131 new bedrooms.
It has also got permission from Fingal County Council to build a new hotel right beside the Radisson Blu at Dublin Airport.
That seven-storey property will have 144 bedrooms and bring the total for the two to more than 500 - a significant expansion of the number of rooms available on the airport campus.