Dalata To Focus On UK

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Ireland’s largest Hotel group Dalata is to switch focus and concentrate on building their UK portfolio. Dalata own over 5,000 Hotel rooms across the country and their high profile acquisitions throughout 2015 saw them amplify their market share as specialists in 3*/4* Hotels across Ireland.

Dalata bought the Moran & Bewley group for €455 million in 2015 along with other purchases. Deputy Chief Executive Dermot Crowley said a warchest of €130 million is there is there is value in the market and is conducive to business.

Last week Dalata acquired the leasehold on four hotels for around €40m, including the Gibson Hotel in the Point Village in Dublin and the Clarion Hotel in Cork.

Full story here.