Dalata Hotel Group has purchased the Radisson Hotel Dublin Airport in a deal worth €83m.
The Dalata Group, which has €1.7bn in hotel assets primarily in Ireland and the UK, is the country’s biggest hotel group which includes the Clayton and Maldron hotel brands.
The Radisson Hotel Dublin Airport sits on 4.4 acres at the airport and is a four-star hotel with full four-star facilities.
It consists of 229 bedrooms, meeting and event facilities, bar, restaurant, and on-site parking.
It also has, according to Dalata, two significant planning approvals, offering development opportunities into the future.
Dalata said that when the deal is complete, the hotel will be rebranded as a Clayton Hotel.
The remaining tenure of the leasehold is 107 years, and the transaction is scheduled to close in the first half of 2025, once it is cleared by the Competition and Consumer Protection Commission.
The vendor is a related party of Emerald Investment and Windward Management is the …