Dalata Hotel Group sells Wexford hotel for €21m 

Neville Hotels, who bought the hotel, is an Irish-owned hotel operator which is owned by Wexford-man Seamus Neville

Deputy chief executive of Dalata Hotel Group Shane Casserly with the company's chief executive Dermot Crowley. Mr Crowley said the company is now focused on ensuring a 'smooth and positive transition' of the hotel to the new owners.

Ireland’s largest hotel operator Dalata has announced the sale of Clayton Whites Hotel Wexford to Neville Hotels for €21m.

The company said that under the terms of the deal, Clayton Whites Hotel Wexford will transfer to Neville Hotels, with Dalata commencing a “comprehensive process of employee engagement to ensure a seamless transition”.

Neville Hotels is an Irish-owned hotel operator which is owned by Wexford-man Seamus Neville. It operates hotels in Dún Laoghaire, Waterford, and Kilkenny among other locations. 

Dalata said that all of the net proceeds from this deal will be returned to shareholders through the current share buyback programme announced on October 15.

The transaction is expected to be completed in January.

Chief executive of Dalata Hotel Group Dermot Crowley said the company is now focused on ensuring a “smooth and positive transition” of the hotel to the new owners while supporting their staff through this change.

Director at Neville Hotels Therese Kelly said this acquisition marks the sixth hotel for the group and “we feel this hotel will complement our new property in Curracloe, The Ravenport Resort, very well”.

“We are looking forward to investing in the property in the future to ensure its status as one of Wexford Town’s most popular hotels remains.”