Manufacturing & Supply Chain

Dalata has completed acquisition of the Clarion hotel in Sligo

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Dalata has completed acquisition of the Clarion hotel in Sligo

Dalata has completed acquisition of the Clarion hotel in Sligo
March 18
14:52 2016
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Dalata has said today that it has completed it’s acquisition of the Clarion hotel in Sligo.

The group announced plans to acquire the landmark hotel for €13.1 million in January.

The Clarion Hotel located in Sligo town is a four-star hotel and a popular wedding venue. The hotel, generated earnings before interest, taxes, depreciation and amortisation of €930,000 last year.

The property was formerly home to a psychiatric hospital that accommodated up to 1,100 patients until its closure in 1992, the building opened as a hotel in 2005.

The property went on the market with a guide price of €7 million in late October on the instructions of Aiden Murphy of receivers Crowe Howarth.

Dalata said it is to invest up to €750,000 in a refurbishment programme on the property, which is to be rebranded as a Clayton hotel.

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