Dalata looks across water for opportunities
Hotel group Dalata, which owns two hotels in Northern Ireland, has said it's turning its attention to Great Britain after a string of home acquisitions.
Dulbin-based Dalata has bought a string of hotels in recent years, and now controls more than 5,000 rooms in Ireland.
It owns the Maldron Hotel in Londonderry and the Clayton Hotel in Belfast. The company also manages the Maldron Hotel at Belfast International Airport.
Dalata deputy chief executive Dermot Crowley said the company was now turning its attention to Great Britain. It already has four hotels in England - one each in Leeds and Manchester, and two in London. In total, it owns 17 hotels, leases 10 and manages 11 across the UK and Ireland.
"We'd expect to have finished buying in Ireland by the end of this year," Mr Crowley said.
"We have a war chest of about €130m (£99m) for acquisitions but we will only use it if there is value in the market."
Last month Dalata acquired the leasehold on four hotels for around €40m (£30m), including the Gibson Hotel in the Point Village in Dublin and the Clarion Hotel in Cork.