Ireland’s largest hotel operator Dalata has begun to expand its successful Maldron brand into the UK market, opening a new location in Newcastle. Dalata signed a lease agreement to build a new Maldron Hotel with ES Newgate Limited, a division of McAleer & Rushe.
Once the building has been completed, Dalata will commence operations in the hotel with a 35-year operating lease. Five rent reviews will take place over this time, linked to the retail price index.The new 4-star property has a provisional opening date of Summer 2018. The property will have 226 bedrooms, a restaurant, and meeting room facilities.
Founded in 2007, Dalata is Ireland’s largest hotel operator, with a current portfolio of 40 hotels. Dalata already operates nine hotels in the UK, including six Clayton hotels. The firm also operates the Croyden Hotel in London, and a Maldron in both Belfast and Derry.
Deputy chief executive Dermot Crowley is optimistic about the new venture and says the development is an “exciting opportunity” to launch the brand in the English market.
“This development provides us with an exciting opportunity to launch our Maldron brand in the English market, in line with our strategy of rolling out our Clayton and Maldron brands in the large regional UK cities. We are delighted to be working on this project with our development partner, McAleer & Rushe, and look forward to opening in Newcastle in summer 2018.”