The Exchange does pretty well by pub standards these days. But yeah, when the lease is up there is nothing stopping the owner converting it to apartments or whatever. Would be a pity though, there has been a pub on that site since at least the 19th century.
The issue as one poster put it is quality hotels in waterford,
monday'friday corporate
weekends leisure
if you want corporate/business guests during the week, builders travelling businessmen etc you cant expect a company to select a 4 star hotel over a 3 star hotel it just wont be done and its a business mistake of any hotel relying on corporate guests going from 3 star to 4, the accountants will always book 3 star hotels everytime for their employees.
There are 2 other hotels off the top of my head in tramore the Majestic and The sands, both of which are 3 star,
The Grand Hotel if it was to be reopened would have to be fully refurbished i assume which wud run into the millions, make it a four star and your gonna be quiet midweek and off season relying on your bar and carvery food to keep you afloat, 4 million might not be appealing to people for that sort of return, although if a large hotel chain bought it ye never know.
Youd feel there would be a market for a Cliff Hotel along the Copper Coast-t'would be spectacular alright.
Sure give it a go. See how you get on with our planning system.
Sounds like a plan...
Going on modern day architecture it would be an absolute eyesore.
some of these ain't too shabby
Sold yesterday for €2 million to a Dublin consortium according to WLR
yeah saw dat. they need another 4 or 5 million to finish it
Great news to hear about the grand hotel sold in tramore.it needs a massive renovation overhaul, literally four walls standing and demolish the rest of it and start again.hopefully it's brought back to the good times again.
id say another 4 or 5 million to do that.
Replumbed Rewired, new heating system, new kitchen, extraction fans hoods phones ,IT, computers, door card system/locks painting decoratings, rooms over haul new tvs beds ,carpets bathrooms and fittings,
Id love to be a part of it, good luck to the new owners theyll need it
That scale of renovation would surely need a planning application and therefore prone to objections, delays etc etc…..and whole thing could go ‘t1ts’ up…..?
risky investment alright, but with the extent of our accommodation crisis, i suspect grants galore will be made available over time.....
They’ll more than likely just fill it with fakeugees. That’s where the easy cash is now for small rundown hotels with government crony connections unfortunately
You're probably right. Actions like this will cause unrest between people and refugees (or fakeugees :D).
It's so obvious to anyone with a lick of sense but that's the road we are on now.
Id say depends on who bought it? a hotel chain or people who think lets get it habitable and fill the 80 odd rooms with ukranians, the government are paying well over the standard room rates in hotels at the moment and most companies or chains are only too happy to take them in.
Press Up have put a lot of money transforming Loftus Hall in Wexford, which will be open next year. Hopefully similar type investment will be made into the Grand Hotel.
I'd say that took some money....fantastic potential.
Interestingly, they are disassociating themselves from the Loftus Hall name and all that is associated with it.
It'll be a fantastic location. I love that area of the Hook, Tintern Abbey and Loftus Hall.
The Dubs on the summer caravan holiday will keep them busy
There's always someone who has do derail a thread here to make it about refugees. I do wonder is it the same person with different accounts.
its clearly obvious we re in serious trouble regarding accommodation for all, and we dont actually know what to do about it, our approaches in doing so have catastrophically failed, and our governments keep defaulting to methods that simply will never work, we were warned of this years ago, yet here we are....
we must accept that our populations are going to keep growing, due to many different and complex reasons, and the only solution is to build and build and build..... but we actually dont know how to do this.....
Part of the problem seems to be the extreme building regulations these days. I know people who built a house three years ago and had huge trouble meeting the building regulations. Now apparently there is even more new building regulations on top of what was there three years ago. House building companies just want to build small amounts of houses at a time because of the financial risk involved in meeting the building regulations, which is understandable. But of course building small amounts of houses is the last thing we need at the moment.
yea the whole process is fcuked, there clearly needs to a balanced approach, there needs to be some sort of regulations involved, but....
developers clearly also need to be protected as best as possible, but currently theyre deeply exposed, so that aint gonna cut it....
a major sit down and get real needs to occur with all involved, but i some how doubt thats gonna happen....
...the state needs to reduce the risks involved towards developers, in order for building to happen, but we dont seem to be willing or able to do that, so, we re stuck....
Well you just watch it what happens-the reality is that’s what happening in small towns and second rate hotels/accommodation allover the country. Whether the wokeratti like it spoken or not
wAkE uP sHeEpLe
would an income stream based on government subsidies to house refugees be a robust enough business case to get a loan from a financial institution to renovate a hotel..?
id love to think that a 80 bedroom hotel in Tramore would do well. But that's 160 people hanging around Tramore. only so many baguettes you can buy in seagull. A hotel of that size would be outta place in Tramore. if there was a large hotel trade in Tramore the sands would be re purposed.
yes. they pay nearly double rates, lots of hotels have refugees in them, i told greenway manor and travelodge to name 2, one of the reason other hotels are really busy this time of year due to lack of rooms available.
its the winter period that wud probably be the problem here. they wud rely heavily on bar restaurant and carvery etc, lunches trade during winter, if they stick to 3 star and a good 3 star they wud be able to pull in corporate guests during winter months and leisure on weekends, no company in their right mind would book a 4 star over a 3 especially with sands down the road, a large hotel chain wud be well clued in on these type of issues and how to market, Tramore has huge potential and lotstl to offer in short driving range, dont worry the big boys, most of the time know how to market these things
Tramore is about half the size of Kilkenny these days, which has several 4 star hotels and two 5 stars.
While Tramore traditionally catered to a different market to and offered a different product to the likes of Kilkenny, I get the sense that this is starting to change a bit over time. I personally think it's crying out for a high end 4 star.
If they keep this as a hotel, and put a decent spa into it (there aren't many of these in Waterford) they'll be busy all year around between summer tourism, weddings and spa breaks.
