Dalata gets approval to acquire Gibson Hotel in Dublin
Irish-listed group also acquiring leasehold interest in three other hotels in UK, Ireland
The Gibson Hotel was built by property developer Harry Crosbie
The leasehold interest comprises of operating leases with an average term of 18 years outstanding.
Dalata said it plans to invest €14 million over the next two years in refurbishing the four properties, and will rebrand them all as Clayton hotels. As part of the deal, the group will also take over the management of the Clarion Liffey Valley Hotel in Dublin, under a short term management contract.
Having gained approval, the acquisition, which was announced in late January, is expected to close promptly, Dalata said.