Dalata Continues expansion drive

The Dalata Hotel Group has continued its expansion drive by spending €11.9 million acquiring DS Charlemont Limited, which owns the former Charlemont Clinic site in Dublin 2.

The purchase was made from UK and Ireland regeneration developer, U+I plc.

The Pat McCann-led company plans to complete the planning process, enabling the construction of a new Clayton Hotel expected to be completed in the first half of 2018. The overall investment in the project, including the site purchase, will be in excess of €40 million, creating around 100 new employee positions when the hotel is operational.

The site is located in Dublin 2, fronting on to Charlemont Street and Charlemont Mall on the Grand Canal. On January 19th 2016, Dublin City Council granted permission, subject to conditions, for a four-star 181-bedroom hotel with restaurant, café/bar and business facilities.

The permission also includes three residential apartments and basement car parking. Furthermore, the planning conditions include revisions to the scale of the building which are subject to the agreement of the planning authority. The total size of the site is 0.95 acres.

Speaking today, Senior Vice President at JLL Hotels & Hospitality Group, Dan O’Connor said: “The sale of Charlemont Clinic is the largest Dublin hotel development site sale to occur this decade and it represents a rare opportunity to deliver much needed high quality hotel accommodation, within the prime corporate and leisure hub of Dublin 2. The price paid reflects the continued strong demand from hoteliers to gain a foothold in the buoyant Dublin hotel market.”