Dalata Hotel Group have acquired a property in North London for £44.3 million. Ireland’s largest hotel operator will use the 192-key hotel to debut its Maldron brand in the British capital.
Following a £2 million investment, the Finsbury Park property will open in summer 2023 under the Maldron brand.
The newly-constructed site was built using the Vision Modular System, which can save up to as much as 40% in embodied carbon emissions.
The hotel boasts 192 bedrooms, a ground floor lobby, a restaurant, and a bar. It will be the group’s 18th property in the United Kingdom.
London is a key strategic growth market for Dalata. We are very excited to be opening our first Maldron hotel in the city in advance of our Maldron in Shoreditch, which is currently under construction. This acquisition represents an outstanding opportunity to operate a new, sustainably built hotel in a vibrant and developing area as we continue our ambitious UK expansion plan. The strength of our balance sheet has been a crucial element in enabling us to make this investment as we continue to create value for all of our stakeholders.
Dermot Crowley, CEO of Dalata Hotel Group