Dalata Hotel Group

Acquires 89-bed prime London hotel

  • Jun 2 2023, 08:30 IST/BST
  • Paul Ruddy
  • Company Report
  • 5 page(s)
  • Sectors : Hotels
  • Companies : Dalata Hotel Group

Ratings and price correct at time of issue.

  • Dalata Hotel Group

    Closing Price: 426c

  • RATING 09/09/14

  • PREVIOUS RATING 03/09/14



Dalata has acquired the long leasehold of the Apex Hotel London Wall for £53.4m. This is an attractive addition to the estate given its prime London location. It is the second London hotel it has acquired this year, and together with the under-construction Shoreditch Hotel, it will have a strong presence in London (877 rooms), which the group had flagged as a central part of its growth strategy. Dalata continues to benefit from the strength of its balance sheet which it can continue to flex to augment growth.

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Jun 2 2023, 08:30 IST/BST