Dalata on €90m Cork hotels spree

Ireland’s largest hotel operator, Dalata, will have spent up to €90m on Cork city hotels by next year, spanning purchases, upgrades and completion of its Beasley St hotel site off Cork’s South Mall and Parnell Place (pictured) where a €10.2m purchase from Nama has finally just completed.

This latest buy, with provision for at least 120 bedrooms, will give it control of some 20% of greater Cork’s hotel stock, or over 530 bedrooms, according to Dermot Crowley, Dalata’s Deputy CEO, Business Development and Finance.

Cork now holds the second largest concentration of Dalata hotel rooms, after Dublin.