Dalata buys Clarion Hotel Sligo in Ireland for €13M

In Sligo, Ireland, the Clarion Hotel has been purchased by Dalata, which has managed the property for years and is expected to continue doing so. The hotel was offered for sale on behalf of receiver Aiden Murphy, a partner at Irish accountancy firm Crowe Horwarth.

“The Clarion Hotel Sligo is one of the largest and most profitable hotels in the North-West of Ireland and represented a rare opportunity to acquire a unique landmark property," head of hotels and leisure at real estate firm, Savills, said. "The sale attracted significant investor interest, resulting in competitive bidding and a strong sale price of €13 million, or €80,000 per bedroom.”

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

The hotel, which has 162 bedrooms, was established in 2005 and is located in Sligo town.

Suggested Articles

Thomas C. Morey will retain his role as general counsel on an interim basis until his successor is appointed.

This week has been about the economy and budget sector, the planet and whether the Reuben Brothers go clubbing a lot.

The budget hotel sector has seen its focus expand to look not only at price, but at design and concept, as guests have become more demanding.