Dalata Investors Back €1.4 Billion Acquisition by Pandox and Eiendomsspar

Dalata Hotel Group plc has secured shareholder approval for its proposed acquisition by Pandox AB and Eiendomsspar AS, marking a key milestone in one of the Irish hotel sector’s most significant deals in recent years.

The transaction, to be executed through Pandox Ireland Tuck Limited, was first announced on 15 July 2025. Under the agreement, Dalata will be acquired in full through a Court-sanctioned scheme of arrangement under the Irish Companies Act 2014.

On 12 August 2025, Dalata shareholders received a scheme document outlining the details of the acquisition and convening shareholder meetings. At those meetings, held this week, investors voted in favour of all resolutions, signalling strong support for the deal.

The shareholder vote clears a major hurdle but is not the final step. Completion remains subject to additional conditions, including approval by the Irish High Court. If sanctioned, the acquisition is expected to become effective before the end of November 2025, in line with the timetable set out in Dalata’s scheme document.

Pandox said it would provide updates as remaining conditions are met, with further announcements published on its corporate website.

The acquisition strengthens Pandox and Eiendomsspar’s foothold in the European hotel market, while for Dalata—the largest hotel operator in Ireland—it marks the start of a new chapter under international ownership.