DALATA ACQUIRES FREEHOLD INTERESTS IN DUBLIN

Dalata Hotel Group has entered into an agreement with Kieran Wallace to purchase the freehold interest of certain elements of two hotels in Dublin, Ireland, for a consideration of €62.5 million. The group has acquired the freehold of the ground and lower-ground floors of the 304-room Clayton Hotel Cardiff Lane, in the city’s Docks area, bringing the number of rooms owned in this hotel by Dalata to 193. Additionally, Dalata has agreed to acquire the freehold of the core hotel of the 353-room Clarion Hotel Liffey Valley, to the west of Dublin, including 159 bedrooms, the leisure centre, meeting rooms, reception, bar and restaurant, car park and two vacant retail units. The deal is expected to close in June 2017.

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