A private investor is ready to spend £12 million on the construction of a new luxury four star boutique hotel to be sited in Ebrington Square, the ‘Journal’ can exclusively reveal this morning.
A new distillery is also expected to be among among a number of very interesting projects expected to get the green light for development at the Waterside venue.
Construction work on the new hotel, understood to be known as “The Ebrington,” could actually commence later this year and the official announcement concerning the new additions to Derry’s tourism infrastructure will be officially confirmed over the coming weeks the “Journal” understands.
Commenting on the new development, 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.
“My department has already invested £18 million developing Ebrington to the point where it is now a first-class civic space and an extremely attractive location for potential investors.
“We are now seeing the fruits of that investment and I am very confident there will be more good news in the time ahead.”
It is believed that the new hotel will house 151 bedrooms, boasting two conference suites, a banqueting suite to accommodate up to 300 people plus modern bar facilities and a restaurant.