DALATA SELLS CLAYTON HOTEL IN CARDIFF TO M&G

M&G Real Estate has agreed to purchase the Clayton Hotel Cardiff in Wales from Dalata Hotel Group for £22.2 million in a sale-and-leaseback deal. The 216-room hotel, in Cardiff city centre on St Mary Street, will be let to Dalata under a 35-year term and the group plans to use the proceeds from the sale to reduce its net debt. The transaction is expected to close in mid-June.

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