Dalata Hotel Group to Develop New Dublin City Center Hotel

DUBLIN—Dalata has acquired DS Charlemont Limited, which owns the former Charlemont Clinic Site, in Dublin 2, from U.K. and Ireland regeneration developer U+I plc for a consideration of €11.9 million (roughly $13.3 million). The consideration is payable in cash.

The site is located in Dublin 2, fronting on to Charlemont Street and Charlemont Mall on the Grand Canal. On Jan. 19, Dublin City Council granted permission, subject to conditions, for a four-star 181-guestroom hotel with restaurant, cafe/bar and business facilities. The permission also includes three residential apartments and basement car parking. The planning conditions include revisions to the scale of the building, which are subject to the agreement of the planning authority. As part of the planning process the permission is subject to review by An Bord Pleanala. The total size of the site is 0.95 acres.

The 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 $44 million, creating circa 100 new employee positions when the hotel is operational.