Sunday 23 October 2016

Dalata buys Clarion Hotel Sligo for €13m

Published 19/01/2016 | 07:21

The Clarion Hotel, Sligo
The Clarion Hotel, Sligo

Dalata Hotel Group, Ireland's largest hotel operator, has purchased the Clarion Hotel in Sligo for €13m.

  • Go To

The hotel was offered for sale on behalf of receiver, Aiden Murphy of Irish accountancy firm Crowe Horwarth.

Dalata managed the four-star hotel before buying it and will continue to do so now.

Mr Murphy, who is a partner at Crowe Horwarth, said he was delighted to conclude the deal.

“After a number of years of successfully trading the Clarion Hotel Sligo I am delighted with the outcome of the sales process. The Clarion has become a leading destination in the North-West for weddings and is perfectly positioned to benefit further from the improving tourism market.

" I would like to thank the management and staff for all of their work and support over the last number of years and wish Dalata the best of luck with this superb property into the future," Mr Murphy said.

The hotel, which has 162 bedrooms, was established in 2005 and is located in Sligo town.

Head of hotels and leisure at real estate firm, Savills, announced the deal this morning.

“The Clarion Hotel Sligo is one of the largest and most profitable hotels in the North-West of Ireland and represented a rare opportunity to acquire a unique landmark property.

"The sale attracted significant investor interest, resulting in competitive bidding and a strong sale price of €13m, or €80,000 per bedroom. This sale represents another strong vote of confidence for the green shoots of recovery in west of Ireland tourism””

Online Editors

Read More

Promoted articles

Editors Choice

Also in Business