DALATA TO BUY LEASEHOLD INTEREST IN FOUR UK HOTELS

Dalata has conditionally agreed to purchase the leasehold interest in a portoflio of four hotels across Ireland and the UK for an enterprise value of €40 million (€49,000 per room). The hotels in question are the 252-room Gibson Hotel (Dublin, Ireland), the 211-room Croydon Park Hotel (London, UK), the 191-room Clarion Hotel Cork (Ireland) and the 158-room Clarion Hotel Limerick (Ireland). Dalata plans to invest €14 million in the properties and reflag them under its Clayton Hotels brand.

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