LONDON: Dalata Hotel Group, the largest hotel operator in Ireland, with a growing presence in the United Kingdom and Continental Europe, announces that it has exchanged contracts for the sale of Clayton Whites Hotel Wexford to Neville Hotels for €21 million.
Clayton Whites Hotel Wexford is a strongly performing hotel with an experienced management team in place. Under the terms of the Transaction, the Clayton Whites Hotel Wexford will transfer to Neville Hotels, with Dalata commencing a comprehensive process of employee engagement to ensure a seamless transition.
As previously announced, substantially all of the net proceeds from this Transaction and the sale of Maldron Hotel Wexford, are being returned to shareholders through the current share buyback programme announced on 15th October 2024.
Dalata remains committed to the Irish market and its portfolio where it is the leading hotel operator through its Clayton and Maldron brands. The Transaction is expected to be completed in January. Savills advised Dalata on the Transaction.
Dermot Crowley, CEO of Dalata Hotel Group commented: “The Clayton Whites Hotel Wexford has been a significant part of Dalata’s journey, and I would like to take this opportunity to thank the team there for all their hard work and commitment. The hotel has a strong management team in place and a proven track record of strong performance, providing me with confidence that it will continue to excel as part of Neville Hotels. Our focus now is to ensure a smooth and positive transition, providing support to our colleagues throughout this period of change.
As the leading hotel operator in Ireland – a strategic market for the business – we remain committed to delivering industry leading hospitality for our guests across all of our hotels.”
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