A view of the planned new hotel proposed for Deane street next to the Parnell Place bus station.

Plans lodged for Parnell Place hotel

PLANS have been lodged for a seven-storey budget hotel close to the Parnell Place bus station.

Dublin company Tetrarch Capital is seeking permission from Cork City Council to redevelop 7 to 9 Parnell Place to create a 165-bedroom hotel.

The Parnell Place building set to become a new 165-bedroom hotel.

The buildings were previously occupied by Flor Griffin and Maher Sports and had been purchased by Cork City Council. However, the council subsequently sold the buildings.

The application also involves the demolition of buildings to the rear of the premises facing onto Deane Street where the entrance to the hotel will be located.

A historic laneway that previously existed between the two buildings, linking Parnell Place to Deane Street, will also be reinstated.

The planned hotel includes the reinstatement of a historic laneway that linked Parnell Place to Deane Street.

Deane Street is also the subject of a separate planning application for a major office block called The Prism, which is planned for the small triangular site opposite the proposed hotel.

According to the planning documents, the ground floor will include a central courtyard with bar/restaurants and retail.

The courtyard will also incorporate the existing industrial chimney on the site.

In the application, Tetrarch said there is an acute undersupply of budget hotels in Dublin and Cork.

“Branded budget hotels make up approximately 21% of total hotel bedroom stock in London and approximately 28% in Edinburgh.

“In Dublin and Cork the % of such stock is currently less than 5% currently and the applicant projects that this will rise to approximately 7% with the delivery of the new hotel stock anticipated in both cities.

The interior courtyard of the planned new Dean Street hotel incorporating the industrial chimney on the site.

“The applicant is very confident that the proposal will drive visitor diversity and overall tourist numbers to Cork city.”

Tetrarch also said that 200 jobs would be created during construction, with 100 full and part-time jobs once it is complete.

The buildings facing Parnell Place are protected structures and they will be maintained but renovated for hotel use.