Home > Financial > Dalata complete Whites, Pilo buys

Dalata complete Whites, Pilo buys

Written by Business World, on 16th Feb 2015. Posted in Financial

article headlineDalata Hotel Group said that it has completed the acquisition of Whites Hotel Wexford and Pillo Hotel Galway. The group late last year said it would acquire Whites, a four star hotel with 157 bedrooms which went into receivership in 2009. It was subsequently put on the market by Ulster Bank, and Dalata acquired the property in a package which also included the Clayton Hotel in Galway for E31.7 million. The Competition and Consumer Protection Commission approved Dalata's acquisition of Whites in November. In December Dalata agreed to acquire Galway's Pillo Hotel for E10.5 million. The hotel is part of a chain developed by Neil O'Leary's Ion Equity. For more visit www.businessworld.ie

More articles from Financial

image Description

Irish consumer spending records fastest growth in almost two years

Read more
image Description

Irish sentiment is geared more towards investment than saving

Read more
image Description

Debt agency says Ireland should sell bank shares sooner, not later

Read more
image Description

Ulster Bank announces lowest fixed rate mortgage in Ireland

Read more
image Description

Irish public finances remain ahead of target

Read more