Dalata Hotel Group Announces Sixth Hotel in London

Dalata Hotel Group plc (‘Dalata’ or the ‘Group’), the largest hotel operator in Ireland, with a growing presence in the United Kingdom and Continental Europe, is pleased to announce that it has exchanged an agreement for lease for a new 4-star Clayton hotel to be developed on the Tower 42 Estate in the City of London.

Due to open in the second half of 2028 subject to planning approval, the full-service Clayton hotel will be developed at 20 Old Broad Street, EC2 in the heart of the City, incorporating 154 bedrooms, a restaurant, bar and gym. The all-electric building will include state-of-the-art heat pump technology and target a BREEAM excellent accreditation. The Tower 42 Estate is conveniently located less than a 5-minute walk from Liverpool Street and Bank Stations and their extensive National Rail, London Underground, Elizabeth line (Crossrail) and bus services, providing excellent connectivity across London.

On completion of construction, Dalata will commence operations in the hotel through a 25-year Operating Lease which will be subject to five-year rent reviews linked to the Consumer Price Index.

The signing of the agreement for lease in a prime London location further demonstrates Dalata’s ability to increase its footprint in a global business and tourism hub with strong market fundamentals. Dalata opened four new locations in the United Kingdom this year including the Maldron Hotel Shoreditch, which opened in August. This new hotel will bring Dalata’s operating presence in London to 1,030 rooms across six hotels.