DAVY VIEW

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.