Ebrington Square in Derry, Northern Ireland, could be gearing up to see the construction of a new luxury four-star boutique hotel, after a private investor is said to have stepped up to fund the project.
According to ‘The Journal’, a new 151-bed boutique could be built on the site, alongside a new distillery and a number of other new projects expected to get the go-ahead for development at the Waterside venue.
A private investor has come forward, ‘ready to spend’ £12m on the creation of the new hotel, which is said to be known at The Ebrington, with work potentially due to start later this year.
As well as the bedrooms, the hotel would be home to two conference suites, a banqueting suite to accommodate up to 300 people, plus a bar and restaurant.
Speaking to The Journal, deputy First Minister Martin McGuinness said: “There have also been quite a few serious expressions of interest in other parts of the Ebrington site from other businesses, proposals which I am really positive about.
“They have the potential to bring serious investment to the site which will help transport Ebrington Square to the next level and thus become a real economic driver for the city and the north-west area.