THE developer behind an unfinished hotel in Urlingford has said that he will finish the project “when the climate is right.” Jerry Donovan the man who owns Irish and European Properties who is behind the unfinished hotel on the outskirts of Urlingford is adamant that he will finish the development.
Mr Donovan’s company has applied for an extension for the planning permission that was granted by Kilkenny County Council in 2006. The plans from 2006 were to build a 107 room en-suite hotel. Since the construction of the hotel stalled local councillors have received hundred of complaints from both Urlingford residents and people who are driving from Cork to Dublin who can see the eyesore from the near-by motorway.
When the Kilkenny People put these complaints to Mr Donovan he said that it was nobody else’s business but his own why the hotel hadn’t been built. “It leaves a bad impression is what people feel. There is a worse impression in my pocket, I have a lot of money invested, and I don’t want anybody interfering with my business.” He added that “If the council want me to take it down they’ll let me know.”
Mr Donovan, who was ranked 220th in the Sunday Times rich list in 2008 with an estimated wealth of €57 million amassed through property, owns extensive property in Urlingford through his company Irish and European Properties. He is responsible for the hotel as well as the Urlingford business park and is the one of the directors of the Urlingford business park management company.
In order to overcome the downturn Mr Donovan is looking to the future in a hope that the property market will recover. He said “That building will be finished when the time is right. I’m just waiting for the climate to be right. Presumably and hopefully everything should change in the next four or five years. Everybody is hoping that things will pick up, I’m not the only one hoping for that.”
He added “I have a big development there which will employ a lot of people and I have another 115,000 square feet to go up there at the back as well and it will go ahead sometime. It can’t be left the way it is and it won’t be left the way it is. Everyone knows that. The locals, it’s none of their business, they have no money put into it, but I have a lot invested in it.”