Ireland's Dalata Hotel Group has signed agreements to lease two new hotels to be built in the UK, which will add around 580 new bedrooms to the group’s hotel portfolio.
A new Clayton Hotel is planned for Bristol, to be developed by Artisan Real Estate Investors, and a new Maldron Hotel is planned for Birmingham, to be developed by McAleer & Rushe. Dalata now has just over 1,700 rooms in its UK development pipeline on top of the 1,968 rooms that it already owns or leases.
'We are delighted to secure agreements to lease these two very exciting new hotels in the heart of Bristol and Birmingham,' said Dermot Crowley, Deputy CEO - business development and finance.
'We are already developing hotels with Artisan and McAleer & Rushe and we now look forward to working with them again on these projects.'
The new Clayton hotel will be a conversion of the listed façade and the existing Natwest Court office building in Bristol into a four star hotel with 250 rooms. The construction is subject to the receipt of planning permission from Bristol City Council, it is expected that the hotel will open in Q3 2020.
The Maldron hotel will be a 4-star property, located on Suffolk Street in Birmingham, adjacent to the Mailbox shopping centre complex and offering 330 rooms. Subject to planning permission and consent from Birmingham City Council, it is expected to open in Q1 2021.
Dalata will commence operations in both hotels through 35-year operating leases, subject to five year rent reviews linked to the retail price index.
The group already operates seven Clayton hotels in the UK, in London (2), Cardiff, Leeds, Birmingham, Belfast and Manchester Airport. Two further Clayton hotels are planned for the centre of Manchester and Glasgow.
Dalata operates 12 Clayton and 12 Maldron hotels in Ireland.