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Dalata acquires freehold interest in Clayton Hotel Cardiff for £24m

After investing no less than €500 million over the course of 2015, the Irish hotel group continues to grow through the acquisition of high-profile hotels in their respective destinations.

Dalata Hotel Group has bought the freehold interest of the Clayton Hotel as part of a deal in which the group has acquired Rush (Central) Limited, a company which holds a leasehold on the property until 2046. The hotel is located close to Cardiff central train station, a stone's throw from the city center and its iconic stadium. The Principality Stadium, formerly known as the Millennium Stadium, has a total sitting capacity of 74,500. It was chosen as the venue for the 2017 UEFA Champions League Final, to be held in Cardiff next summer on June 3.

The hotel has 216 rooms, a restaurant, a bar, and also offers a fitness center as well as several meeting rooms. Previously operated as the Maldron Hotel Cardiff, it was rebranded last year to join the portfolio of the Irish group's upscale brand. This operation confirms the dynamism of Cardiff's hotel industry, in a city which benefits from some of the highest occupancy rates in Europe.

A major player of the Irish hotel industry, Dalata Hotel Group has been particularly active on the British market. Its portfolio comprises 42 properties totaling 7,700 rooms. More than half of which (24 hotels) are owned by Dalata, whose growth strategy currently focuses on acquisitions.

Also Read:

  • Cardiff, a hotel supply under transformation
  • Dalata increases acquisitions
  • Dalata wants to buy the competition
  • Dalata acquires two hotels in Dublin
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