Hotel firm secures backing for Portrush investment
A hospitality and property development firm has secured backing of more than £7m from Ulster Bank as it makes its largest investment in its hotel portfolio outside of Belfast.
Andras House was founded in Belfast in 1981 and today operates seven internationally-branded hotels with more than 1,000 beds across Holiday Inn Belfast City Centre, Holiday Inn Express, three ibis Hotels, the Crowne Plaza, Hampton by Hilton Hotel in the city's Hope Street, and Cordia Serviced Apartments.
The new 83-bedroom Marcus Hotel Portrush is being developed as part of an £11n investment by Andras House and will be operated under franchise from Hilton under the Tapestry Collection by Hilton brand.
Its investment in Portrush – which will be the first Tapestry Collection by Hilton hotel on the island of Ireland – represents the hotelier’s largest investment outside of Belfast.
Construction on the new hotel is continuing at pace and is expected to complete in 2025 in time for the The Open, which returns to Royal Portrush next year.