Plans to turn a former direct provision centre on Dublin's southside into a luxury 60-bedroom hotel have been backed by the Convention Centre.
Red Carnation Hotels wants to develop a five-star boutique hotel at Hatch Hall on Lower Hatch Street, which housed more than 200 asylum-seekers before its closure last year.
The group, which also owns the five-star Ashford Castle Hotel in Cong, Co Mayo, is seeking planning permission to renovate the protected structure, for which it paid around €20m last year.
Welcoming the proposal, Convention Centre bosses said renovating the former Jesuit university residence, which dates from 1912, would benefit the wider population.
The development comprises the refurbishment and partial demolition of an existing five-storey building and the construction of an eight-storey extension.
The plans also provide for the conversion of a chapel into a restaurant and meeting room.
In a submission to Dublin City Council, the Convention Centre's executive chairman Dermod Dwyer welcomed the plans.
"Undoubtedly, this building has the potential to become a tourism and commercial focal point," said Mr Dwyer.
The businessman said there was a huge lack of hotel accommodation in Dublin.
He claimed the current new hotels planned for the city would not meet demand and would result in the loss of potential business.
Mr Dwyer said the new hotel would "crucially increase five-star accommodation offerings in the city".
"This market is an important one, as people who stay in such hotels tend to be bigger spenders than other visitors," he said.
In a separate submission, CBRE, the commercial real estate agency, also claimed there was a limited supply of five-star accommodation in Dublin, which currently accounts for 12 out of 214 hotels in the city.