Dalata purchases Clarion Hotel Sligo in deal worth €13m

Business, Finance | Tue 19 Jan | Author – Business & Finance
Clarion Sligo

Property consultants, Savills, has announced the sale of the Clarion Hotel Sligo to Dalata Hotel Group for €13m.

The four-star hotel was offered for sale on behalf of receiver Aiden Murphy of Crowe Horwath and will continue to be operated by current managers and new owners, Dalata.

The hotel was established in 2005 and comprises 62 bedrooms and suites, conference facilities, restaurants, a bar and first-class health and leisure facilities.

Tom Barrett, head of Hotels and Leisure, Savills commented: “The Clarion Hotel Sligo is one of the largest and most profitable hotels in the North-West of Ireland and represented a rare opportunity to acquire a unique landmark property. The sale attracted significant investor interest, resulting in competitive bidding and a strong sale price of €13m, or €80,000 per bedroom.

“This sale represents another strong vote of confidence for the green shoots of recovery in west of Ireland tourism.”

Aiden Murphy, partner, Crowe Howarth, added: “After a number of years of successfully trading the Clarion Hotel Sligo I am delighted with the outcome of the sales process. The Clarion has become a leading destination in the north-west for weddings and is perfectly positioned to benefit further from the improving tourism market.

“I would like to thank the management and staff for all of their work and support over the last number of years and wish Dalata the best of luck with this superb property into the future.”