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

A third of Irish SME's suffered bad debt over the last 12 months

Read more
image Description

Tax cuts will limit Irish resilience to future economic shocks warns NERI

Read more
image Description

7 in 10 people in Ireland don’t have a will in place

Read more
image Description

Moody's upgrades Ireland's sovereign credit rating

Read more