Dalata for Sale? Ireland's Largest Hotel Operator Is a Window into Europe's Market
International news
Dalata's strategic review, which may put a sale sign on the company, reflects the mixed outlook for European hotel assets. Investors are balancing tourism's strength against economic uncertainty.
Dalata Hotel Group, Ireland's largest hotel operator, began a strategic review this month that could lead to a sale of the company, spotlighting investor appetite for European hospitality assets.
This review, with guidance from Rothschild & Co, could lead to a sale. However, as of the March 6 announcement, the company wasn't in talks with potential suitors.
Dalata's review comes as European hotel assets attract increasing interest from international investors seeking inflation hedges and exposure to resilient travel demand.
Dalata runs 55 hotels, primarily under the Clayton and Maldron brands. A majority are in Dublin and London. Its hotel assets were valued at €1.7 billion as of December 31.