Dalata acquires 333 suites at Clarion Hotel in Dublin

Dalata Hotel Group announced on Monday that it has entered into an agreement with Martin Ferris as receiver, to acquire the long leasehold interest of 33 suites in the Clarion Hotel Liffey Valley, Dublin, for a consideration of €8.58m.

The AIM-traded firm said it expected that the transaction would complete in September.

As announced on 4 September, Dalata completed the acquisition of the core Clarion Hotel Liffey Valley, incorporating 158 bedrooms, the leisure centre, meeting rooms, reception, bar and restaurant, car park and two vacant retail units.

The new transaction announced on Monday - the equivalent of 99 rooms - would result in Dalata owning and operating 257 bedrooms in the property, which it intended to re-brand as a Clayton Hotel in the final quarter of 2017.

Dalata’s board said the consideration was payable in cash.

“We are delighted to acquire these additional bedrooms so quickly after the purchase of the core hotel and are very excited about the potential of the hotel under the Clayton brand,” commented Dalata deputy CEO of business development and finance, Dermot Crowley.