Dalata Hotel Group PLC Announces Two New Hotels in Bristol & Birmingham (1969O)
May 16 2018 - 1:00AM
UK Regulatory
TIDMDAL
RNS Number : 1969O
Dalata Hotel Group PLC
16 May 2018
Dalata Hotel Group Announces Two New Hotels in Bristol and
Birmingham, UK
Tenth Clayton Hotel and Sixth Maldron Hotel in UK
ISE: DHG LSE: DAL
Dublin, 16 May 2018 | Dalata Hotel Group plc ("Dalata" or "the
Company") is pleased to announce that it has signed agreements to
lease two new hotels to be built in the UK, which will deliver an
estimated 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 Limited, 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.
Clayton Hotel, Bristol
The new Clayton hotel will be a conversion of the listed façade
and the existing Natwest Court office building on Broad Street. It
will be a 4 star property, ideally located in the centre of
Bristol, close to Bristol's commercial centre and within walking
distance of the main shopping and leisure districts. The hotel will
have circa 250 air-conditioned bedrooms, a bar, restaurant and
extensive conference facilities.
The construction of the hotel is subject to the receipt of
planning permission from Bristol City Council, it is expected that
the hotel will open in Q3 2020.
Maldron Hotel, Birmingham
The new Maldron hotel will be a 4 star property, centrally
located on Suffolk Street in the heart of Birmingham city, adjacent
to the Mailbox shopping centre complex and a short walk to the
Bullring shopping centre and New Street train station. The hotel
will have circa 330 air-conditioned bedrooms, a bar, restaurant and
meeting room facilities.
The construction of the hotel is subject to the receipt of
planning permission and consent from Birmingham City Council, it is
expected that the hotel will 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.
Dalata already operates seven Clayton hotels in the UK, in
London (2), Cardiff, Leeds, Birmingham, Belfast and Manchester
Airport. Two new Clayton hotels are also planned for the centre of
Manchester and Glasgow as announced in September 2017 and November
2017 respectively. Dalata operates Maldron hotels in Derry, Belfast
City Centre and Belfast Airport with a further Maldron hotel under
construction in Newcastle and another one planned for Glasgow, as
announced last December.
Dalata is the Republic of Ireland's leading hotel company where
it operates 12 Clayton and 12 Maldron hotels.
Dermot Crowley, Deputy CEO - Business Development and Finance,
said: " We are delighted to secure agreements to lease these two
very exciting new hotels in the heart of Bristol and Birmingham.
Both cities possess very strong hotel markets and these two
projects demonstrate our ability to grow a very attractive
development pipeline of hotels in the UK. In Dalata, we pride
ourselves on developing long term partnerships. We are already
developing hotels with Artisan and McAleer & Rushe and we now
look forward to working with them again on these projects."
Clive Wilding, Property Director - Artisan Real Estate Group,
said: "It is great to be doing our second hotel with Dalata and
with such an interesting building situated in the heart of the
historic Bristol city centre. The 4 star Clayton hotel with
restaurant, bar, and well managed business space, forms the centre
piece of a mixed use development. The Artisan group are really
pleased to be delivering 550 rooms as part of Dalata's expansion
plans across the UK ."
Stephen Surphlis, Property Director -McAleer & Rushe, said:
"The new Maldron hotel is a significant project that will enhance
Birmingham's continued development and add to the regeneration
within the City. With a large economy and major projects in close
proximity, including the new HMRC Regional Hub, HSBC's Headquarters
and the pending HS2 high speed rail network linking to London we
are confident that our investment in the City will make an
important contribution to the economy and provide a modern hotel
offering for business users as well as leisure visitors. Having
delivered a range of projects for the Dalata Group across the UK
and Ireland we are looking forward to partnering with them, once
again, to deliver this exciting new hotel scheme."
ENDS
Contacts
Dalata Hotel Group Investor Relations Joint Company
PLC & Public Relations Brokers Berenberg
Dermot Crowley, FTI Consulting Davy Ben Wright
Deputy CEO Business Melanie Farrell (Sponsor) T: +44 20 3753
Development and T: +353 86 401 5250 Anthony 3069
Finance E: Farrell E:
T: +353 1 206 9400 melanie.farrell@fticon T: +353 ben.wright@berenb
E: sulting.com 6149993 erg.com
dcrowley@dalatahotelgroup. E:
com anthony.farre
ll@davy.ie
About Dalata
Dalata Hotel Group plc is Ireland's largest hotel operator with
a growing presence in the United Kingdom. The Group's current
portfolio consists of 39 hotels with over 7,900 rooms and an
additional 2,600 rooms are currently being developed. Dalata
successfully operates Ireland's two largest hotel brands, Clayton
Hotels and Maldron Hotels across Ireland and the UK, as well as
managing a small portfolio of partner properties. 27 of the hotels
are owned by Dalata, nine hotels are operated under lease
agreements and three are operated under management agreements.
For the full year 2017, Dalata reported revenue of EUR348.5
million and a profit after tax of EUR68.3 million. Dalata is listed
on the Main Market of Euronext Dublin (DHG) and the London Stock
Exchange (DAL).
For further information visit: www.dalatahotelgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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