Permission has been granted for an eight-storey hotel on the site next to the Vicar Street venue, despite local opposition.
The 185-bedroom hotel is being developed by Harry Crosbie, and will comprise 185 bedrooms.
Construction on the new Vicar Street Hotel will begin in the coming weeks, with the hotel expected to be open in 2020. It is expected that the hotel will create 80 jobs.
As part of the planning conditions, the hotel firm has been told to pay Dublin City Council €487,407 to go towards public infrastructure in the area.
A spokesperson for Harry Crosbie said last week that the hotel will have a new ‘rock and room’ concept, to be created alongside promoter Peter Aiken.
Vicar Street is expected to receive an upgrade as part of the plans for the hotel, which will be constructed by Walls Construction.
Several local residents lodged objections against the plan, with 12 objections lodged against the plans.
Cllr Tina MacVeigh (PBP) expressed outrage at the planning permission being granted, saying the area is “flooded” with hotels.
She said: “The Dublin 8 area is being flooded with hotel, aparthotel and luxury student accommodation being built for profit.
“What we need are homes for people and purpose-built student accommodation that students can actually afford.
“There are thousands of households in our area on the local authority housing list while many people who don’t qualify for local authority housing can’t afford escalating rents or get a mortgage.
“We need public housing for people on all incomes.”
She added: “Of course, we welcome tourism and tourist infrastructure, but not at the expense of our community.
“While developers seem to get free reign in the area, the community is left to fight for its right to a sustainable and liveable city. They [such developments] are killing our community.
“My colleague, [Deputy] Brid Smith and I will be working with local residents who have already been in touch with us to submit an appeal to An Bord Pleanala,” she said.