Thu, 27 Oct 2016 | COMMERCIAL PROPERTY
One of Cardiff’s most popular hotels has been purchased in a £24 million off-market deal in a sign of regeneration in the city.
The four-star Clayton Hotel, close to Cardiff’s train station and the Millennium Stadium, has been bought from a private seller by Dalata Hotels, the largest hotel operator in Ireland and the current occupiers of the Clayton.
The hotel, formerly known as the Maldron Hotel, has 216 bedrooms, seven modern conference rooms and two bars and restaurants. The hotel is centrally located, with retail and leisure offerings all close by.
Real estate firm Savills, which managed the deal, said Cardiff was experiencing an “influx” of technology and media companies who are moving to the city in advance of BBC Wales moving its headquarters from Llandaff to Cardiff in 2018.
There are also significant infrastructure projects in the pipeline including the M4 relief road, the Brynglas Tunnels and the South Wales Metro, Savills said.
Richard Dawes, associate director in the hotels team at Savills, said: "We are pleased to have advised Dalata Hotels on their acquisition of the strategically located Clayton Hotel. Cardiff is undergoing significant regeneration and Dalata Hotel’s purchase of the hotel reflects their confidence in both the UK and local operational markets.”
Dermot Crowley, deputy chief executive officer for business development and finance at Dalata Hotels, said: “Clayton Hotel Cardiff has performed very strongly this year. We are delighted to be able to purchase the freehold interest of the hotel. This transaction is consistent with our stated strategy of buying out the freehold interests of those leased properties with future unpredictable rent reviews.”
Take a look at our property pages for more information on buying and selling commercial property.
This is a chance to acquire a longstanding and reputable manufacturer of modern concrete garages, with roots dating back to the 1940s.
This well-established haulage company in West Yorkshire offers a strategic location with easy access to major motorway links and a strong, loyal client base developed over 20 years.
This is a rare opportunity to acquire this thriving motor vehicle repair, MOT, and service centre. This professionally run business currently provides the majority of its services to private customers with a small amount of commercial work, which pro...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.