It gives me great pleasure to announce that PREM Group have bought 22 apartments, the entire basement space and all the car parking in Premier Suites Dublin Leeson Street (Stephens Hall).
This acquisition, along with the 8 apartments currently owned individually by PREM Directors, gives us complete control over the property. My association with the building goes back to November 1989 when I was appointed GM and opened it as Stephens Hall All Suite Hotel. A number of senior executives in PREM have worked in Stephens Hall over the last 25 years. In 1996 a group of investors bought the building and appointed a new management company called PREM Group to manage the business. We used our experience in Stephens Hall to expand our serviced apartment product and to launch our Premier Apartment and Premier Suite brands.
We now enter into another exciting phase in the history of Premier Suites Dublin Leeson Street. In the coming weeks we will be lodging a planning application to convert the basement area into 8 additional suites, with a view to opening them in early 2015. In addition we are still on target to open Premier Suites Ballsbridge (which the company acquired in 2013) in August 2014.
2014 is the 25 anniversary of the opening of Premier Suites, Stephens Hall and we look forward to many more years of successful trading in this great property.