Ulster Bank has provided over £7 million to support a prominent hospitality and property development company in Portrush, marking its largest investment in the hotel portfolio outside of Belfast.

The new 83-bedroom Marcus Hotel Portrush is being developed as part of an £11 million investment by Andras House, Belfast's largest hotel operator, and will be operated under franchise from Hilton under the Tapestry Collection by Hilton brand.

Its investment in Portrush which will be the first Tapestry Collection by Hilton hotel on the island of Ireland.

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Richard Lusty, Relationship Director at Ulster Bank, said: "Andras House has been a cornerstone of the hospitality sector in Belfast for decades and has contributed significantly to the advancement of the city’s tourism offering. Its latest investment is the culmination of over 40 years of industry expertise applied to the scenic North Coast which will serve as an important economic driver for the area, creating new jobs and further strengthening its domestic and international appeal."

Rajesh Rana, Director at Andras House, added: "This is a strategically important investment for Andras House and a continuation of our thriving relationship with Ulster Bank. It’s a reflection of the successes of our developments in Belfast and it represents an important milestone for the future of the company too. As visitors flock to the North Coast we see great opportunity to extend our reach and offer the same high-quality hospitality experience regionally."

Construction of the new hotel is progressing rapidly and is set for completion in 2025, just in time for The Open's return to Royal Portrush next year.