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Dalata Hotel Group has acquired the lease for a new four-star Clayton hotel to be developed on the Tower 42 Estate in the City of London.The group previously opened four new locations in the UK 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.
The site is set to open in the second half of 2028 subject to planning approval, and will feature 154 bedrooms, a restaurant, bar and gym.
The all-electric building will also include state-of-the-art heat pump technology and target a BREEAM excellent accreditation.
The Tower 42 Estate is located less than a five-minute walk from Liverpool Street and Bank Stations and their National Rail, London Underground, Elizabeth line and bus services.
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.
Dalata said the signing of the lease agreement in a prime London location “further demonstrates its ability to increase its footprint in a global business and tourism hub with strong market fundamentals”.
Shane Casserly, deputy CEO of Dalata Hotel Group, said: “We are excited to expand our footprint in London, with this transaction illustrating the flexibility of our business model as we deliver further growth through leasing, as well as acquisition and development. We are particularly pleased to have commenced a partnership with the Tower 42 Estate, which offers an unrivalled mix of uses in a best-in-class location.
“As part of our Vision 2030, London continues to be a key target city for Dalata, and we believe significant opportunity exists for both our Clayton and Maldron brands. Our proven track record of delivery across both London and the UK, demonstrates our ability to identify and deliver in-demand hotels at excellent locations. Our experience, scale and deep industry expertise positions us strongly to deliver on our ambitious growth plans.”
