Dalata Group shores up hotel ownership with €69m spend

The Dalata Hotel Group is set to spend nearly €70m on taking majority ownership of three Irish hotels that it has to date run on a rental basis.

The owner of the Clayton and Maldron hotel chains is also close to agreeing a sale of one of its UK-based properties.

Dalata has been eager to alter the ownership structure of some of its existing portfolio of owned, managed, and leased hotels by acquiring the freehold interests of certain properties it currently leases which have unpredictable rent reviews attached.