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Dalata Hotel Group has announced it has signed agreements to lease two new hotels to be built in the UK, which will deliver an estimated 580 new bedrooms to the group’s hotel portfolio.
A new Clayton Hotel is planned for Bristol, to be developed by Artisan Real Estate Investors, and a new Maldron Hotel is planned for Birmingham, to be developed by McAleer and Rushe.
Dalata now has just over 1,700 rooms in its UK development pipeline on top of the 1,968 rooms that it already owns or leases.
The new Clayton hotel will be a conversion of the listed façade and the existing Natwest Court office building on Broad Street. It will be a 4-star property, located in the centre of Bristol. The hotel will have circa 250 bedrooms, a bar, restaurant and extensive conference facilities.
The construction of the hotel is subject to the receipt of planning permission from Bristol City Council, but it is expected that the hotel will open in Q3 2020. The new Maldron hotel will also be a 4-star property, centrally located on Suffolk Street. The hotel will have circa 330 bedrooms, a bar, restaurant and meeting room facilities.
The construction of the hotel is subject to the receipt of planning permission and consent from Birmingham City Council, but is expected that the hotel will open in Q1 2021. Dalata said it will operate both hotels through 35-year operating leases subject to five-year rent reviews linked to the Retail Price Index.
Dalata already operates seven Clayton hotels in the UK, in London, Cardiff, Leeds, Birmingham, Belfast and Manchester Airport and operates Maldron hotels in Derry, Belfast City Centre and Belfast Airport.
Dermot Crowley, deputy CEO for business development and finance, said: “We are delighted to secure agreements to lease these two very exciting new hotels in the heart of Bristol and Birmingham. Both cities possess very strong hotel markets and these two projects demonstrate our ability to grow a very attractive development pipeline of hotels in the UK.
“In Dalata, we pride ourselves on developing long term partnerships. We are already developing hotels with Artisan and McAleer and Rushe and we now look forward to working with them again on these projects.”
