A former warehouse in Cork city is to be redeveloped into a boutique hotel and hostel after a planning application from one of Ireland’s biggest independent hospitality companies was approved.
The site on Deane Street has been sold to Tetrarch Capital who now plan to redevelop the buildings into a budget boutique hotel and hostel, with ground floor restaurants and bars which could bring a significant boost to the area.
Recently, the properties have been leased and operating as a Utopia adult shop, while the former warehouses buildings are protected structures that date back to the mid-1800s.
Cork City Council bought the Parnell Place properties in 2015 and 2016 from two firms which were in receivership, and bought the Deane St properties from an individual seller.
Once open, the two new properties will join the Tetrarch Capital portfolio, which consists of 1,800 bedrooms across hotels, resorts and hostels including The Marker, Powerscourt Hotel, Mount Juliet, Citywest Hotel and The Dawson Hotel Dublin.