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Shareholder support Dalata Hotel Group's acquisition of seven properties

06 January 2015 by
Shareholder support Dalata Hotel Group's acquisition of seven properties

Shareholders of the Dalata Hotel Group, Ireland's largest hotel operator, have voted in favour of plans to acquire seven properties from the nine-strong Moran Bewley's Hotel Group for €455m (£358m).

Moran Bewly is a collection of five hotels in Ireland and two in London, and one each in Manchester and Leeds. Owned by Tom Moran, the group primarily operate across two brands: the luxury Moran and mid-market, contemporary Bewly.

The four hotels in the UK which will be joining Dalata are the Chiswick Moran and Crown Moran, Cricklewood, both in London, and two Bewley's hotels in Leeds and at Manchester Airport.

The board of Dalata unanimously approved the acquisition at an extraordinary general meeting held in Dublin yesterday.

The acquisition is now expected to complete, subject to the approval of Ireland's Competition and Consumer Protection Commission.

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