In Wales, the Clayton Hotel close to Cardiff Central Train Station has been purchased for £24 million by its operator.
Dalata Hotels, Ireland's largest hotel operator, purchased the 216-guestroom property in an off-market deal from an undisclosed private investor. Dalata was represented by international real estate advisor Savills, while the vendor was represented by Cardiff-based property advisory firm EJ Hales.
Dalata, which currently has a portfolio of 40 owned, leased and managed hotels, has a “strategy” of buying the “freehold interests of those leased properties with future unpredictable rent reviews.” The Clayton Hotel Cardiff is the company’s only hotel in Wales.
“Cardiff is undergoing significant regeneration and Dalata Hotel’s purchase of the hotel reflects their confidence in both the UK and local operational markets,” Richard Dawes, associate director in the hotels team at Savills, said.
Dan Griffiths at EJ Hales agreed with the sentiment: “The sale of Clayton Hotel represents significant confidence in Cardiff. The good relationship between the two parties allowed the sale to have a quick turnaround, making sense for both parties.”