Eglinton Street Tower, Cork
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There is a gap in the market in Cork for a proper aparthotel complex. But the fit-out inside the Elysian is way above what you get in the standard aparthotel. They’d have to charge ridiculously high amounts and would probably end up pricing themselves out of any potential market.
not all the apartments are fitted out if i recall correctly from the nice man in DTZ who gave me a tour, so that might mean it wouldnt cost O’ Flynns much to sort it out into an aparthotel, it would be very high class though, presumably that would just be the tower part that they would offer as an aparthotel though? Imagine what they would charge for the one with the Porsche kitchen!
@Pug wrote:
it wouldnt surprise me but wouldnt that involve O’ Flynns spending an awful lot of money revamping the insides of the tower? Unless they market it as a luxury aparthotel or something. Would be very unlikely to happen i would have thought. Why not just drop the prices and sell the whole thing off?
thats what i thought when i heard it initially, haven’t heard any further details since. thanks for feedback
From the City Development Plan 2009-2015:
http://www.corkcity.ie/media/Volume%201%20-%20Written%20Statement_opt.pdf
page 160“Policy 13.15 City Centre Tourism
The City Council will continue to support and develop the city centre’s tourist economy and work closely with tourism
agencies to develop strategies that build on the City’s tourist appeal.
13.41 To develop the City Centre’s range of hotels the City Council will support the upgrade of the
existing hotel accommodation base where appropriate and encourage the development of medium to large
hotels outside of the fine grain of the historic core in accessible and attractive locations close to the City
Centre. In order to provide a level of direction to the market, the City Council has identified potential
locations where hotel applications would be favourably considered. These provide the opportunity to
combine waterfront locations, mixed use developments, and active frontages at ground floor level as well as
expanding the quality hotel base in the City Centre:
�� Albert Quay / Eglinton Street block.
�� Sullivan’s Quay
�� Copley Street/South Terrace”would fit with the theory, but isn’t proof one way or the other
Elysian as an aparthotel might not be so far fetched after all
http://www.irishtimes.com/newspaper/property/2009/0709/1224250305547.html
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