€120m Grand Canal Dock hotel to create 100 hospitality jobs

The development of a new hotel and residential complex in the Grand Canal Dock will create 200 construction jobs over the next year and result in 100 hospitality jobs when it opens in February 2013.

By completion, more than €120m will be invested in The Marker, which will include 187 guest rooms over six floors, as well as 84 two-bedroom residential apartments, which will be available to rent or buy and will have full access to the hotel’s amenities.

The hotel will be operated by Interstate Hotels & Resorts and will be a Leading Hotels of the World member. According to its owners, it’s being designed to appeal to both the business and leisure segments of the domestic and international markets. The Marker’s spa features four spacious treatment rooms with a designated relaxation area and a 23 metre infinity pool. The spa and fitness area will be available to both hotel guests and apartment residents.

“The proposal for this hotel is a significant vote of confidence in Irish tourism, and in Dublin as a visitor destination,” said Minister for Transport, Tourism & Sport Leo Varadkar, who attended the launch of the hotel this morning. “It further reinforces the Government’s commitment to tourism as an economic stimulus, and our focus in the Jobs Initiative on creating and protecting jobs through the 9pc VAT rate on hospitality products, and reduced employers’ PRSI.”

Paul Suy, vice president of Interstate Hotels & Resorts for Europe said The Marker will set a new standard for luxury lifestyle hotels in Ireland. “We will offer our customers a consistently high level of accommodation, service and a standard of personalised care that will be unrivalled in the Irish market. The Marker will be the jewel in the crown of the city’s thriving Docklands area.”

“The launch of The Marker is testament to Dublin’s re-emergence as a thriving European capital city with a very broad appeal to local and international leisure and corporate travelers,” said Kevin McGillycuddy, principal of Brehon Capital Partners, which in a joint venture with Midwest Holding, completed the acquisition of the hotel and residences on December 22, 2011.

“Dublin continues to attract investment from major multinationals from a variety of sectors and that brings with it the need to offer suitable, high quality accommodation. The Marker will be the best in its class hotel for the international business executive and its stunning design, interiors and breadth of facilities will appeal equally to the seasoned lifestyle traveller.”

Grainne Rothery