The €80 million project will include a 393-bed hotel, a 202-unit aparthotel, to be operated by Staycity, and 21 apartments. An operator has yet to be confirmed for the hotel.

An Bord Pleanála upheld the decision of Dublin city council to grant permission for redevelopment of the 0.4 hectare site bound by Moss Street, Gloucester Street and Townsend Street in Dublin 2. The scheme had been delayed following an appeal of Dublin city council's September 2017 decision by the board of management of City Quay National School.

Construction on the site is expected to begin later this year with completion due by late 2020.

"We're very pleased with An Bord Pleanála's decision to uphold the decision of Dublin City Council to grant planning permission for what is a really exciting scheme on a superbly located site in the heart of the city centre that is ideal for the provision of much needed aparthotel and budget hotel accommodation," said Michael McElligott, chief executive of Tetrarch Capital.