Ronan Mellett, chief executive of Dub-lin-based Naus Group, said he was confident of raising finance for the new hotel venture and stressed that it was difficulties at Allied Irish Bank which precipitated the collapse of Connaught Square.
Naus Group believes there is significant opportunity to bring hotel operators into Digbeth once planning permission has been secured.
anticipates that building work will start in mid 2008, with the hotel block on the corner of Rea Street and High Street Deritend the first to come out of the ground.
has submitted a planning application for the site, called Connaught Square, and aims to build 631 new apartments, a 180-bed hotel incorporating 36 serviced apartments, shops, offices, bars, restaurants, more than 1,000 underground car parking spaces, two new public squares and public amenity space.
provides administrative support to the Society of Military Widows.
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