Ulster Bank backs Andras House - Marcus Hotel Portrush
Jun 17, 2024Ulster Bank has announced over £7 million in support for one of Northern Ireland’s leading hospitality and property development companies as it makes the most significant investment in its hotel portfolio outside of Belfast.
The new 83-bedroom Marcus Hotel in Portrush is being developed as part of an £11 million investment by Andras House, Belfast’s largest hotel operator. It will be operated under a Hilton franchise under the Tapestry Collection by Hilton brand.
Andras House was founded in Belfast in 1981 and today operates seven internationally branded hotels with over 1,000 beds: 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.
Its investment in Portrush – the first Tapestry Collection by Hilton hotel on the island of Ireland – represents the hotelier’s largest investment outside of Belfast.
Richard Lusty, Relationship Director at Ulster Bank, said: “Andras House has been a cornerstone of the hospitality sector in Belfast for decades and has contributed significantly to advancing the city’s tourism offering. Its latest investment is the culmination of over 40 years of industry expertise applied to the scenic North Coast. It will serve as an important economic driver for the area, creating new jobs and further strengthening its domestic and international appeal.”
Construction on the new hotel is continuing at a pace and is expected to be completed in 2025 in time for the Open, which returns to Royal Portrush next year.
Rajesh Rana, Director at Andras House, added: “This is a strategically important investment for Andras House and a continuation of our thriving relationship with Ulster Bank. It’s a reflection of the successes of our developments in Belfast, and it represents an important milestone for the company's future, too. As visitors flock to the North Coast, we see a great opportunity to extend our reach and offer the same high-quality hospitality experience regionally.”
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