Ireland's Dalata Hotel Group to buy seven Moran Bewley properties

18 December 2014 by
Ireland's Dalata Hotel Group to buy seven Moran Bewley properties

Ireland's largest hotel operator, the Dalata Hotel Group, is set to acquire seven properties from the nine-strong Moran Bewley's Hotel Group for €455m (£358m).

The acquisition will provide Dalata with a platform to further expand its presence in the UK, where it currently has two hotels in Northern Ireland - the Tower in Derry and Maldron in Belfast - as well as the Best Western Plus Maldron in Cardiff.

The four hotels in the UK which will be joining Dalata are the Chiswick Moran and Crown Moran, Cricklewood, both in London, and two Bewley's hotels in Leeds and at Manchester Airport.It is expected, if the deal goes ahead, that Dalata will launch a new brand to operate alongside its existing Maldron badge.

The acquisition will be funded by the issuing of 18.3 million new shares, at €2.75 (£2.16) each.

Dalata was founded in 2007 by Pat McCann, previously chief executive of Jurys Doyle Hotel Group, and currently operates 38 hotels with almost 6,000 bedrooms.

Dalata Hotel Group snaps up Londonderry's Tower hotel >>

London Stock Exchange float for Irish hotel group Dalata >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking