Dalata sells leasehold interest in Croydon Park hotel

03 July 2017 by
Dalata sells leasehold interest in Croydon Park hotel

The Dalata Hotel Group has sold Kasterlee UK, the company which holds the leasehold interest in the Croydon Park hotel.

The hotel made a loss of £20,000 in the six months to end of June 2017. The group did not disclose who it had sold the company to or for how much.

The Dublin-based group, Ireland's largest hotel operator, recently agreed the sale and leaseback of the Clayton hotel in Cardiff, eight months after buying the 216-bedroom property.

Dalata operates a portfolio of 37 owned, leased and managed hotels, primarily operating under the Clayton and Maldron brands, of which seven are in the UK. It currently has five hotels under construction, including hotels in Belfast and Newcastle, and earlier this year announced plans to focus on expansion in the UK.

Dermot Crowley, deputy CEO business development and finance, said: "I would like to thank the management and staff of the Croydon Park hotel for the commitment and dedication showed while the hotel was part of Dalata Hotel Group."

Dalata completes sale and leaseback of Cardiff's Clayton hotel >>

Dalata Hotels plans to focus on UK expansion >>

Dalata to launch first UK Maldron hotel in Newcastle >>

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