Dublin City Council has given the green light to a new 185-bedroom hotel at Vicar Street, the Irish Independent reports.
The eight-storey building will be the work of developer Harry Crosbie and has been given the go-ahead despite opposition to the project.
The new venture is expected to create 80 jobs and, according to a spokesman for Mr. Crosbie, it will "create a new way for the public to enjoy a live show."
It will also include a 'rock and room' package which will provide tickets, a room, a meal and membership to a new private club in the new hotel.
A number of local residents have lodged complaints against the plan and appeals can be made to An Bórd Pleanála.