Hotelier Xavier McAuliffe is planning to build a €60m retirement village in the grounds of his Lyrath Estate Hotel in Co Kilkenny.
McAuliffe and a small group of investors last year paid €25m to buy back the historic 170-acre estate that he developed into a luxury hotel more than a decade ago. The
estate was taken over by Bank of Scotland-appointed receivers in 2012.
"It's good to be back. I was on sabbatical for four years," Mr McAuliffe told the 'Sunday Indepentent'.
A €5m refurbishment programme sat Lyrath s almost complete and he is now in the early stages of developing the retirement village,.
"The plan would be to develop a village of 150 two- and three-bedroom homes that would sell for about €300,000 to appeal to retired people living in large, empty homes in affluent suburbs of Dublin," he said.