Hotel chain Rezidor SAS Hospitality is to open two new venues in Louth and Mayo next month with the creation of 135 full time jobs.
The Park Inn Dundalk and the Park Inn Mulranny are part of the chain's new hotel brand which will compete in the mid-market hotel segment.
The group, which currently operates nine Radisson SAS hotels in Ireland, said it plans to open 20 Park Inn hotels in Ireland by 2010, two of which were already confirmed for Ballinasloe and Newry.
Park Inn Dundalk is set to open in March and is located outside Dundalk just off the main Dublin to Belfast motorway.
The 84-room hotel will offer conference rooms, restaurant, pub, nightclub and fitness centre.
The 80-room Park Inn Mulranny, which also opens next month, is a renovation of the Mulranny Great Southern, and is located an hour's drive from Galway and Sligo.
The minister for Arts, Sport and Tourism, Mr John O'Donoghue, welcomed today's announcement, saying the move was a vote of confidence by Rezidor SAS Hospitality in the Irish tourism industry.