Dalata agrees €455m hotel takeover

The Dalata Hotel Group has reached agreement to buy nine of the hotels in the Moran-Bewley Hotel business for €455m.

The hotels which are being sold include the Silversprings Moran Hotel in Cork as well as the four Bewleys Hotels in Dublin. The other four hotels are in Britain — the Crown Moran and Chiswick Moran Hotels in London and the Bewleys Hotels in Manchester and Leeds.

The Red Cow complex, comprising the Red Cow Moran Hotel and adjoining Red Cow Inn, will be retained with Tom and Sheila Moran as the sole owners.