 Due to decreasing revenue, the 0.38 hectare city centre site was offered for sale in 2014 at €5 million.It was purchased by U+I Group for €7.1 million and later sold to the Dalata hotel group for €11.9 million.In 2016, Dalata obtained planning permission for a 181-bedroom 4 star hotel on the site, due to open in 2018.