HOTEL operator Dalata has confirmed it is to acquire most of the Moran Bewley’s Hotel group, owned by Athea businessman Tom Moran, in a deal worth more than €455m.
Dalata, which operates the Maldron Hotel in Roxboro, is to take over the majority of Mr Moran’s portfolio across Britain and Ireland.
However, the transaction does not include the Red Cow Moran Hotel and adjoining Red Cow Inn on Dublin’s southside, which Mr Moran will continue to control with wife Sheila.
The deal will be subject to clearance from competition authorities, and will need to be approved by shareholders at an extraordinary general meeting due to take place on January 5.
Mr Moran said Dalata is acquiring a “fabulous” portfolio of hotels
“I know that with this sale Dalata haven’t simply acquired bricks and mortar but an excellent group with an impressive team of people at its centre,” he said.
Dalata will take over five hotels in Ireland, and four in Britain including the Silver Springs in Cork, and the Bewley’s Hotels in Ballsbridge, Dublin Airport, Leopardstown and Newland’s Cross.