Similar to that place below? No way! (8)

I believe the answer is:

likehell

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'no way' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'similar to that place below?' is the wordplay.
'similar to' becomes 'like' (I've seen this before).
'that place' becomes 'hell' (I have seen 'Infernal place' mean 'hell' so perhaps 'place' could also mean 'hell').
'below?' means one lot of letters go next to another (in a down clue, some letters go below others).
'like'+'hell'='LIKEHELL'

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I've seen this clue in The Irish Times.

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