Cardiff hotel bought for £24m

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.


Share this article



Latest Businesses for Sale

Iconic British Motorcycle Manufacturer
Oxfordshire, South East, UK

Hand built in their workshop in Oxfordshire and delivered to enthusiasts and collectors all over the world, this is a fantastic and very rare opportunity to take on a truly iconic brand and develop the business to bring out the full potential that br...

Asking Price: £3,750,000
Turnover: £500,000

RELOCATABLE


Recruitment Company: Transport, Logistics & Warehousing Sectors
North West, UK

Offers a comprehensive employment process to ensure all candidates are qualified and meet the required safety and licence checks. Offers invited.

Asking Price: Offers Invited
Turnover: £3,200,000

LEASEHOLD


Business Resilience Continuity Consultancy
London, UK

Provides a range of specialist consultancy through planning, training and exercising, with a focus on crisis management and business resilience and continuity. Offers invited.

Asking Price: Offers Invited
Turnover: £713,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jun
 

Equity funding reaches record high for SMEs | BUSINESS NEWS

As investment rises outside of the capital, small businesses...

 
14
 
Jun
 
 
13
 
Jun
 

Sipp firm with a total investment value of £130m enters administration | ADMINISTRATION

GPC Sipp Limited, a firm specialising in providing technical...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources