Dalata Hotel Group plc, Ireland’s largest hotel operator, has conditionally agreed to acquire the Moran Bewley’s Hotel Group for an enterprise value of €455,000,000. The Moran Bewley’s Hotels are a portfolio of nine hotels comprising 2,506 rooms across Ireland and the UK. The portfolio includes four hotels in Dublin, two hotels in London and one hotel in each of Cork, … [Read more...]
Search Results for: hotel acquisition
IHG + Kimpton = world’s largest boutique hotel business
IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) for $430 million in cash. The leading to a prompt comment from Wyn Ellis of Numis: “It is some time since IHG has made a meaningful acquisition and, in our opinion, this looks a sound financial and strategic move.” Highlights IHG has agreed to acquire Kimpton Hotels & Restaurants (“Kimpton”) … [Read more...]
easyHotel reports transformational year
easyHotel plc, the owner, developer, operator and franchisor of "super budget" branded hotels, has announced its results for the year ended 30 September 2014. Commenting on the results, Simon Champion, Chief Executive Officer said: "The Group has made good progress during the year with strong performance from our owned hotels and across our franchised hotels. Current … [Read more...]
Dalata acquires Pillo Hotel, Galway City
Dalata Hotel Group has entered into an agreement to acquire the Pillo Hotel & Spa in Galway city. The Company has agreed to acquire the freehold interest in the Pillo Hotel Galway along with a number of related interests for a consideration of €10.5 million. The acquisition is conditional upon the approval of the Competition and Consumer Protection Commission, but is … [Read more...]
The Dean. Hotel Dublin
The 52 bedroom hotel has opened in Dublin, introducing a new concept in accommodation to Ireland. Fresh, vibrant, youthful and creative, The Dean is a reflection of Dublin now - a dynamic, contemporary European capital. Located at 33 Harcourt Street, smack bang in the heart of the city, the hotel is a luxury residence that sets the scene with strong contemporary design and a … [Read more...]