Sunday, 18 January 2009

Cash-rich Goodman to build luxury hotel

Beef baron Larry Goodman and his son Laurence Jr are planning to build a major hotel and golf course on a 950-acre site they own near Dundalk in Co Louth.

The duo, who own the company Parma Developments, have made a submission to Louth County Council to have the land between Castlebellingham and Kilsaran rezoned "for phased growth to facilitate a plan-led expansion of Kilsaran as there is a lack of facilties at present".

Goodman is regarded as one of the few remaining cash rich investors involved in property. His assets include a large site between Santry and Ballymun which is close to the Metro North route, a stake in the Hermitage Clinic in west Dublin and the Earl of Kildare hotel and adjoining Setanta Centre on Nassau Street in Dublin city centre.

The proposed development of the land would include the golf course and hotel, tourist accommodation, housing, a village centre, headquarters office and a logistics and distribution park. The Goodmans' submission also says there is potential to reopen the former Castlebellingham railway station and to upgrade existing infrastructure.

The rezoning submission is one of a number made by Parma Developments. Parma also wants to have around 25 acres of land at the former meat processing plant at Ravensdale in Louth rezoned for housing.

The submission seeks to have "a site specific objective" inserted into the development plan to promote the removal of the existing derelict buildings on the site and their replacement "with low density, high quality housing in a parkland setting, with local village shops/community facilities, tourism acc- ­­ommodation and new public open space including [a] riverside walk".

It has also sought to have lands west of Dundalk rezoned for residential use and to have part of that land rezoned for employment use and a mixed district centre.

Parma Developments is an unlimited company so it does not have to file publicly available accounts.

Sunday Tribune

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