Dalata To Develop Two New Hotels In The UK
Dalata Hotel Group has announced 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...
Dalata Hotel Group has announced 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. The Clayton Hotel Bristol will be a conversion of the listed façade and the existing Natwest Court office building on Broad Street. It will be a four-star property with 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, but it is expected that the hotel will open in Q3 2020.
The Maldron Hotel Birmingham will also be a four-star property, located on Suffolk Street adjacent to the Mailbox shopping centre complex. The hotel will have circa 330 air-conditioned bedrooms, a bar, restaurant and meeting room facilities. Construction is once again subject to the receipt of planning permission and consent from Birmingham City Council, but 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.
Dermot Crowley, Dalta's deputy CEO for 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.”
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