It was confirmed this Thursday afternoon that budget hotel chain Travelodge is to open its second outlet in Limerick on the Dublin Road.

Travelodge Castletroy will open on June 1 as the anchor tenant in the multi-million euro Parkpoint building, opposite the Parkway Shopping Centre.

The hotel will employ 50 people, with many more jobs created in the fit out of the property.

Speaking to the Limerick Leader, Joe Hanrahan of Cracken Properties also revealed that two further tenants have been confirmed, which will bring the total workforce in the complex to beyond the 100 mark.

While Travelodge will open 100 rooms across four floors of the Parkpoint, a restaurant will open on the ground floor, while the National Cancer Screening Services of Ireland will open offices on the top two floors. It is estimated the Parkpoint will be 85 per cent occupied.

This week's announcement represents the second hotel the Travelodge will operate in the city – and apart from Dublin, Limerick will be the only city to have more than one branch of the budget chain.

The first Travelodge opened at the Coonagh roundabout in 2002 – it has 11 branches across Ireland.