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DUBLIN - Dalata Hotel Group plc has received regulatory approval from the Competition and Consumer Protection Commission to acquire the Radisson Blu Hotel Dublin Airport, the company announced Thursday.
The transaction, valued at €83 million, is expected to complete before the end of June 2025. The deal involves acquiring CG Hotels Dublin Airport Limited, which holds the long leasehold interest in the property.
Dalata remains contractually committed to operating the Maldron Hotel Dublin Airport under license into 2026 and will work with the owner, daa, to ensure an orderly transition of operations during this period.
"We are pleased the regulatory approval process is now complete, and I am very excited about the future of the hotel within Dalata Hotel Group," said Dermot Crowley, CEO of Dalata Hotel Group, in a press release statement.
The acquisition aligns with Dalata’s growth strategy. The company currently operates 55 hotels with 11,990 rooms and has a pipeline of 1,867 rooms. Dalata is targeting 21,000 rooms either operational or in development by 2030.
Dalata Hotel Group, which operates primarily through its Clayton and Maldron hotel brands, reported revenue of €652.2 million for the year ended December 31, 2024. The company is listed on both Euronext (EPA:ENX) Dublin (DHG) and the London Stock Exchange (LON:LSEG) (DAL).
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