DALATA ACQUIRES TARA TOWERS, DUBLIN
Dalata Hotel Group is to purchase the Tara Towers Hotel in Dublin, Ireland, in an all cash deal for approximately €13 million (€117,100 per room). The transaction is expected to close next month. Dalata plans to invest €4.5 million in a refurbishment of the 111-room hotel, on Merrion Road, and upgrade it from a three- to a four-star property. It was also reported that the hotel will be reflagged under Dalata's Maldron brand.