Dalata buys more of The Clarion Hotel Liffey Valley
Ireland's largest hotel operator, Dalata Hotel Group has announced a deal with receiver Martin Ferris to buy the long leasehold interest of 33 suites in the Clarion Hotel Liffey Valley, Dublin 22, for a consideration of €8.6m.
The consideration will be paid in cash and it is expected that the transaction will complete before the end of the month.
Earlier this month Dalata announced that it had 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 2 vacant retail units).
This transaction announced today, the equivalent of 99 rooms, will result in Dalata owning and operating 257 bedrooms in the property which it intends to re-brand as a Clayton Hotel before the end of 2017.
"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," Dermot Crowley, deputy CEO business development and finance, said.