13th Feb 2020 11:39
(Alliance News) - Dalata Hotel Group PLC on Thursday said it has signed an agreement for the lease of a new Maldron hotel near the Croke Park stadium in Dublin.
This comes after the Irish hotel group in December, announced plans to add approximately 2,660 more rooms across the UK and Ireland.
Planning for the new hotel - which will be located on the junction of Clonliffe road and Jones's road - is expected to be secured in 2020 with the hotel scheduled to open in the second half of 2023. The development will have around 200 bedrooms, a business centre with 6 meeting rooms, together with bar and restaurant facilities.
Dalata said it will operate the hotel on a 35-year operating Lease which will be subject to five-year rent reviews.
"The Maldron Hotel Croke Park will be on the doorstep of one of the largest stadiums in Europe, where further expansion of the successful conference and events centre is planned. We are looking forward to partnering with the Gaelic Athletic Association and helping to develop the overall Croke Park facilities for their patrons," said Dalata Deputy Chief Executive Dermot Crowley.
The stock was untraded on Thursday morning in London, last quoted at 387.25 pence each.
By Ife Taiwo; [email protected]
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