The purchase of an unopened hotel in Tallaght is expected to create over 70 new local jobs.
TMR Hotel Collection, owned by Austrian investor Thomas Röggla, announced this week that it has acquired the 186-bedroom Tallaght Cross Hotel.
TMR is now planning a multi-million Euro refurbishment of the hotel with new plans to open for trade as a four-star hotel in early 2020.
The re-opening of Tallaght Cross Hotel is expected to create upwards of 70 permanent direct jobs locally and further employment in the tourism service and supply sectors.
This is the group’s third hotel purchase this year and its second in the Tallaght area.
This latest acquisition makes the TMR Hotel Collection the largest hotel operator in Tallaght with a combined 300+ hotel bedrooms in Tallaght Cross and The Plaza.
Significant refurbishment works will commence in both hotels over the coming weeks.
Commenting, Eimear Fox, Director of TMR Hotel Collection and Davy Real Estate said:
“We are delighted to have completed the purchase of Tallaght Cross Hotel which we expect to re-open in early 2020 creating over 70 permanent jobs.
“Over the coming months we will implement a multi-million euro investment programme at our Tallaght Cross and Plaza Tallaght hotels which we see as a major vote of confidence in the area and a substantial boost to tourism and the local economy.”