Dalata Hotel Group sells Clayton Whites Hotel in Wexford [Video]

Dalata Hotel Group plc, Ireland’s largest hotel operator with an expanding presence in the United Kingdom and Continental Europe, has announced the exchange of contracts for the sale of Clayton Whites Hotel Wexford to Neville Hotels for €21m.

Clayton Whites Hotel Wexford is described as a high-performing property, supported by an experienced management team.

As part of the transaction, the hotel will transfer to Neville Hotels, with Dalata initiating a thorough employee engagement process to ensure a smooth transition.

As previously disclosed, the majority of the net proceeds from this sale, along with the proceeds from the sale of Maldron Hotel Wexford, will be returned to shareholders via the ongoing share buyback program, announced on 15 October 2024.

Dalata says it remains deeply committed to the Irish market, where it continues to be the leading hotel operator through its Clayton and Maldron brands.

The Transaction is expected to be completed in January 2025.

Dermot Crowley, CEO …