When the Government announced a deal to buy the Citywest Hotel complex last August from real-estate fund Tetrarch, it was heralded as a breakthrough moment in its refugee accommodation plans. With capacity to hold up to 2,300 people, the acquisition forms a key plank in the Government’s strategy to move toward State-owned centres and reduce spending on private emergency accommodation. However, much criticism was raised over the €148 million price tag, especially when compared to the estimated €29 million which Tetrarch paid to acquire the sprawling Citywest complex in 2013. The Minister for Justice, Home Affairs and Migration Jim O’Callaghan…

Want to continue reading?

For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .