Dalata announces new hotel plans for Bristol and Birmingham

16 May 2018 by
Dalata announces new hotel plans for Bristol and Birmingham

Dalata Hotel Group is planning to open a Clayton-branded hotel in Bristol and a new Maldron hotel in Birmingham.

The Clayton hotel in Bristol will see the conversion of the Natwest Court office building and its listed façade on Broad Street, and will be developed by Artisan Real Estate Investors. It will have approximately 250 bedrooms, a bar, restaurant and conference facilities, subject to planning permission. It is expected that the hotel will open in Q3 2020.

The Maldron hotel in Birmingham will be on Suffolk Street and have around 330 bedrooms, a bar, restaurant and meeting room facilities. It is set to be developed by McAleer & Rushe, subject to planning permission. It is expected that the hotel will open in Q1 2021.

Dalata will commence operations in both hotels through 35-year operating leases, subject to five-year rent reviews linked to the Retail Price Index.

Dalata now has just over 1,700 rooms in its UK development pipeline on top of the 1,968 rooms that it already owns or leases.

Dermot Crowley, deputy CEO - business development and finance, said: "Both cities possess very strong hotel markets and these two projects demonstrate our ability to grow a very attractive development pipeline of hotels in the UK."

Clive Wilding, property director at Artisan Real Estate Group, said: "It is great to be doing our second hotel with Dalata and with such an interesting building situated in the heart of the historic Bristol city centre. The four-star Clayton hotel forms the centre piece of a mixed use development."

Stephen Surphlis, property director at McAleer & Rushe, added: "Having delivered a range of projects for the Dalata Group across the UK and Ireland we are looking forward to partnering with them, once again, to deliver this exciting new hotel scheme."

Dalata already operates seven Clayton hotels in the UK in London, Cardiff, Leeds, Birmingham, Belfast and Manchester Airport, with two new hotels planned for Manchester and Glasgow. It also operates Maldron hotels in Belfast and has properties under construction in Newcastle and planned in Glasgow.

Dalata Hotel Group, Ireland's largest hotel operator, has a total portfolio of 39 hotels, 27 of which are owned by Dalata, nine are operated under lease agreements and three are operated under management agreements. For the full year 2017, Dalata reported revenue of €348.5m (£306m) and profit after tax of €68.3m (£60m).

Dalata reports strong 2017 results with €77.3m profit before tax >>

Dalata to open Maldron hotel in Glasgow >>

Maldron hotel Newcastle sold for £32.7m >>

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