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27/09/2021

Naas business man makes €16 million investment to develop 158-bedroom 'budget boutique' hotel

Clerys
Naas business man Michael Mc Elligott plans to invest around €16 million to turn a recently acquired property into a massive 158-bedroom 'budget boutique' hotel. Mc Elligott, who is chief executive of Irish investment group Tetrarch, bought Sackville House last year for €4 million. The property is located behind Clerys at the junction of Malborough Street and Sackville place and it is hoped that the new hotel will be opened by the end of 2017. The development is part of Tetrarch's new business concept in which they aim to provide Irish people with high-quality accommodation for an affordable price. Around 150 jobs are expected to be created by the development. Mr Mc Elligott said: "We see a clear demand for additional hotel space in the city centre and the budget boutique concept we are planning is a new kind of offering that has not yet been seen in Ireland."

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