Dalata Hotel Group, the largest hotel operator in Ireland, has exchanged contracts for the purchase of the entire issued share capital of CG Hotels Dublin Airport Limited, which holds the long leasehold interest on the Radisson Hotel Dublin Airport for a consideration of €83 million.
The group claims that Dublin remains a strategic growth market for Dalata, with the Maldron Hotel Dublin Airport operating licence due to expire in January 2026. Dalata believes that the purchase represents a ‘very attractive opportunity’ for the group to secure a well-invested four-star hotel in close proximity to Terminal 2 in Dublin Airport.
“This hotel is well positioned to provide hospitality services to Dublin Airport passengers and the greater North Dublin community, supporting both the local and national economies,” said Shane Casserly, deputy CEO of Dalata Hotel Group.
“The hotel aligns with our investment criteria and offers us the very attractive opportunity to invest and further develop the hotel offering on the overall site, delivering greater investment returns into the future.”
The Radisson Hotel Dublin Airport is a four-star hotel with 229 bedrooms, extensive meeting and event facilities, a bar, a restaurant, and substantial on-site parking. The current hotel had EBITDA pre-franchise fees and management fees of approximately €6.5 million in 2023, with consolidated gross assets of €83 million in December 2023.
Dalata Hotel Group believes that the hotel requires limited initial investment, as it underwent a significant refurbishment programme in 2019. The hotel also enjoys the benefit of two significant planning approvals, which Dalata claims will offer development opportunities into the future.
Upon completion of the transaction, the hotel will be rebranded as a Clayton hotel. The deal is subject to contractual conditions and regulatory approval.
“This acquisition is an exceptional opportunity in a vibrant hotel market,” said Dermot Crowley, CEO of Dalata Hotel Group. “We will continue to balance disciplined growth, capital efficiency and financial strength with returns to shareholders.”
