Posted on Tuesday 2 May 2017 by Ulster Business
Stephen Carson, Group Operations Director, Loughview Leisure, Gordon Davidson, Relationship Director, Ulster Bank, Andy Tew, Relationship Manager, Ulster Bank, and Christopher Kearney, Loughview Leisure Group Finance Director
More than £20m is being invested and around 40 new jobs created as part of a Belfast hotel group's latest expansion.
Loughview Leisure Group, which is run by developer Paddy Kearney, has invested more than £18m in its expansion of Ten Square hotel in Belfast that includes 55 new bedrooms.
And the group has also completed the refurbishment of the Chimney Corner hotel in Newtownabbey. This includes new rooms, new reception, upgraded frontage, plus function rooms, restaurant and garden facilities.
The group has also opened a new children's play centre, World of Wonder, in Carrickfergus - worth around £1m.
The latest expansion is being funded alongside Ulster Bank.
Loughview Leisure Group finance director Christopher Kearney said: "We are very pleased to be completing such significant projects which will enhance our guests' experience and help ensure that the hotels are at the forefront of Northern Ireland's visitor offering.
"Ulster Bank have been extremely supportive of the investments we are making and the expertise of their team has added real value to the projects."
Ulster Bank head of corporate banking Kenton Hilman said: "This multi-million-pound upgrade to two well-known hotels will significantly enhance visitor experience, add to Northern Ireland's tourism offering, and create valuable new jobs.
"Ulster Bank is very pleased to be working with Loughview Leisure Group to help make the three investments a reality and in doing so add value to the local economy."
Peter McCartney, operations director at Causeway Asset Management, which managed the extension and refurbishments and also counts Paddy Kearney as a director, said: "Causeway Asset Management is delighted to be associated with the substantial redevelopment of these well-known hotels having delivered other leisure schemes for Loughview in the last 12 months and continues to work with the Loughview Leisure Group on its next exciting hotel venture."
Paddy Kearney is also involved in a series of major construction projects across Belfast.
These include a £55m office building, Lanyon Central, to be built beside Central Station.