15th Apr 2016 17:06
LONDON (Alliance News) - Dalata Hotel Group PLC said Friday that it has signed a development contract with McAleer & Rushe to deliver a 206 room Maldron Hotel on Brunswick Street in central Belfast.
Planning permission for a new 14 story hotel was granted in November. The hotel will be built on the site of the former Belfast Metropolitan College and represents a GBP21 million investment, Dalata said.
Demolition of the site has already begun, and construction is due to commence in June. The hotel is expected to be completed in the first half of 2018.
Shares in Dalata Hotel closed down 4.5% at 348.75 pence Friday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Dalata Hotel Gp