Dalata Hotel Group, the largest hotel operator in Ireland, has exchanged an agreement for lease for a new four-star Clayton hotel, to be developed in the Tower 42 estate, in the City of London.
The hotel includes 154 bedrooms, a restaurant, a bar and a gym, and it is due to open in the second half of 2028, subject to planning approval.
It will be located less than a five-minute walk from the Liverpool Street and Bank stations in the Underground network.
‘Acquisition And Development’
“We are excited to expand our footprint in London, with this transaction illustrating the flexibility of our business model, as we deliver further growth through leasing, as well as acquisition and development,” said Shane Casserly, deputy CEO of Dalata Hotel Group.
“We are particularly pleased to have commenced a partnership with the Tower 42 estate, which offers an unrivalled mix of uses in a best-in-class location.”
Casserly added, “As part of our Vision 2030, London continues to be a key target city for Dalata, and we believe significant opportunity exists for both our Clayton and Maldron brands.”
On completion of construction, Dalata will commence operations in the hotel through a 25-year operating lease, which will be subject to five-year rent reviews linked to the Consumer Price Index.
Dalata noted that the signing of the agreement for lease in a prime London location further demonstrates its ability to increase its footprint in a global business and tourism hub with strong market fundamentals. Dalata opened four new locations in the United Kingdom this year, including the Maldron Hotel Shoreditch, which opened in August.
‘Ambitious Growth Plans’
This new hotel will bring Dalata’s operating presence in London to 1,030 rooms across six hotels.
“Our proven track record of delivery across both London and the UK demonstrates our ability to identify and deliver in-demand hotels at excellent locations,” said Casserly.
“Our experience, scale, and deep industry expertise positions us strongly to deliver on our ambitious growth plans.”
