Cardiff freehold expected to boost Dalata Hotel Group earnings

The Dalata Hotel Group has bought the building which houses its Clayton Hotel in Cardiff, in a move analysts estimate will add nearly €2m to group earnings next year.

Dalata yesterday announced it has spent around €27m on the freehold interest of the Clayton Hotel Cardiff, by means of acquiring current owner Rush Ltd.

The Irish hotel group — which runs both the Clayton and Maldron chains — has operated the 216-bedroom, four-star Clayton in Cardiff on a leasehold basis for a number of years.