Dalata Hotel Group Acquires Radisson Hotel Dublin Airport for €83 Million

Dalata Hotel Group PLC, Ireland's largest hotel operator, has announced the purchase of the Radisson Hotel Dublin Airport. The acquisition, valued at €83 million, includes the entire issued share capital of CG Hotels Dublin Airport Limited. This strategic buyout is pending regulatory approval and will be financed through Dalata’s existing funds.

Located on 4.4 acres at Dublin Airport, the four-star hotel features 229 rooms and extensive amenities. With an EBITDA of €6.5 million in 2023, the property underwent significant renovations in 2019, requiring minimal further investment. After the transaction, the hotel will be rebranded as a Clayton Hotel.

Dalata aims to strengthen its foothold in Dublin's market with this acquisition, considering the upcoming expiry of the Maldron Hotel's license in 2026. CEO Dermot Crowley highlights the deal as a strategic move in a competitive hotel landscape, focusing on sustainable growth and returns to shareholders.