Dalata Hotel Group plc has acquired a part completed hotel property on Beasley Street Cork. The site, bounded by Beasley St, South Mall and Parnell St, is superbly located in the centre of Cork city. The site was granted planning permission for a 121-bedroom. Construction will be completed in 2018 and doors open December 2018. The overall investment in the project, including the site purchase, will be in excess of €22 million, creating circa 60 new employee positions when the hotel is operational.