By By Najat Kantouar
Dalata Hotel Group, the Irish hotel operator, continues its expansion strategy in Europe with the recent acquisition of a development site in Edinburgh and the completion of the acquisition of Hard Rock Hotel Amsterdam American.
Edinburgh Development Site Acquisition
Dalata Hotel Group has acquired a development site in Edinburgh, further expanding its presence in the city. The site was purchased from Aviva Life & Pensions for a total of £12.5 million ($15.1 million). The transaction was funded using Dalata’s existing cash and banking facilities.
The group has ambitious plans for the site and intends to submit a revised planning application in the first quarter of next year. The goal is to construct a new four-star Clayton Hotel, with an estimated investment of approximately £48 million. The hotel is expected to be completed by mid-2026.
Acquisition of Hard Rock Hotel Amsterdam American
In addition to the Edinburgh development site, Dalata Hotel Group has recently completed the acquisition of Hard Rock Hotel Amsterdam American. The hotel was acquired from Zien Group for a total consideration of €29.5 million ($35.6 million).
Strategic Growth Plans
Dalata Hotel Group has been actively pursuing opportunities for growth in key European markets. Chief Executive Dermot Crowley stated, “In the year to date, we have announced four new opportunities in three of the strongest city hotel markets in Europe–London, Amsterdam, and Edinburgh. We will continue to seek out further opportunities in our target markets.”
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